Public-Private Partnership Briefs: Eolo Wind Farm, Nicaragua
Globeleq Mesoamerica Energy Limited (GME Wind) is operating a 44 MW wind farm project through its wholly owned Nicaraguan subsidiary, Eolo de Nicaragua, S.A., under a public-private partnership contract with the Government of Nicaragua. The Eolo Wind Farm is located in the province of Rivas on the shores of Lake Nicaragua, about 123 kilo - meters south of the capital, Managua. Eolo is estimated to generate 178 GWh of electricity per year from a renewable energy source.
MIGA is supporting GME Wind by providing coverage against the risks of transfer restriction, expropriation, and war and civil disturbance for the Eolo Wind Farm project for up to 20 years.