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Fersa Panama Signs 15-Year Deal to Supply Energy From Wind Farm

Jan. 21 (Bloomberg) -- Fersa Panama SA, a developer that’s minority-owned by the Spanish renewable-energy company Fersa Energias Renovables SA, completed a 15-year contract to sell power from its Toabre wind farm in Panama.

The company will start building the 102-megawatt project in the second half of the year and later expand it to 225 megawatts, Barcelona-based Fersa Energias said today in a statement.

The contract is the result of a energy auction this month. Naura Energy Corp. and Union Eolica Panamena SA also received contracts to sell power from wind farms in the same event, Panama’s national power distributor Empresa de Transmision Electrica SA said Jan. 16 in a statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

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

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