Supporting Penonome Wind Farm in Panama

Wind farm developmentPrizma has been retained to support the Penonome Wind Farm development in Panama. This project is being developed by Union Eolica Panameña, the Panamanian subsidiary of Spain’s Unión Eólica.


According to a a May 8, 2013 article in the Panama Digest, Goldwind, China’s largest wind-turbine maker, is currently supplying 25 percent of the equipment. The final project is designed to generate 220MW of electricity. Once completed, it will be the largest such project in Central America.

Prizma will provide environmental and social impact assessment expertise relevant to the Equator Principles. This is a credit risk management benchmark used by leading financial institutions (known as Equator Banks) to determine and manage environmental and social risks in project finance and related transactions.

What were some of the more interesting ESIA challenges you encountered working on a wind farm development in an emerging market? How did you manage to solve them and what were some of the lessons learned?


2 Comments to Supporting Penonome Wind Farm in Panama

  1. […] IADB, EIB and JBIC, and the emerging $40 billion competition in Nicaragua. While visiting Panama to support the Penonome Wind Farm development, we also took a break to visit the Panama Canal. As reported in the Guardian in June 2013 (and […]

  2. Goldwind has closed financing via a $71 million 10-year facility from Banco Internacional de Costa Rica (BiCSA) and Banco Espirito Santo de Investimento for what will become Panama’s first ever wind farm.

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