Goldwind to Supply Panama Wind Farm With 25% of Turbines

(Corrects to say Goldwind is China’s largest turbine maker in first paragraph.)

Xinjiang Goldwind Science & Technology Co. (2208), China’s largest wind-turbine maker by revenue, will supply Union Eolica Panamena with a quarter of the equipment it needs for a wind farm in Panama.

Goldwind will supply and install its 2.5-megawatt turbines at the Penonome wind farm in Cocle province, the turbine maker’s U.S. subsidiary said today in an e-mailed statement. The company didn’t give a price or size of the project, which it said will be the largest in Central America.

The deal is the fourth in Latin America for the Urumqi, China-based company, which has supplied more than 300 megawatts of turbines for projects outside China. The wind farm is expected to begin producing electricity next year.

“The Penonome project serves as an important milestone for Goldwind’s international growth,” Goldwind Chairman and Chief Executive Officer Wu Gang said in the statement.

Union Eolica Panamena is a unit of Granada, Spain-based Union Eolica Espanola SL, which is planning to build as much as 350 megawatts of wind farms in the country, Rafael Perez-Pire Angulo, UEE’s director, said in April.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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