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Goldwind to Supply 55 Megawatts of Turbines for Panama Wind Farm

Xinjiang Goldwind Science & Technology Co. (2208), China’s largest turbine maker by revenue, will provide 55 megawatts of equipment for a wind farm in Panama.

A joint venture of Goldwind and Spain’s Union Eolica Espanola SL received $71 million in loans to develop the first phase of the Penonome wind farm, the Urumqi, China-based company said today in a statement.

Banco Internacional de Costa Rica SA and Banco Espirito Santo de Investimento SA led the financing.

The project in Cocle Province may eventually reach 220 megawatts, making it the largest in Central America, according to the statement.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

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

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