Cerro de Hula (CdH)

Region

Latin America

Country

Honduras

Sector

Energy

Deal type

Advanced greenfield

Investment date

2010

Status date

Current

Harnessing Honduran wind power

Wind speeds in Honduras average eight metres a second. That’s fast. So fast in fact, that wind is one of the country’s most reliable renewable resources, able to generate electricity through clean, green and sustainable means. The faster the wind blows, the more electricity can be generated by each wind turbine. Further, the windy season in Central America is complementary to the rainy season, which means that when wind is blowing the system can ‘save’ power in the hydroelectric plants and generate power from wind instead.  The power ‘saved’ in the dams can then be used when the wind speed drops and the rainy season starts.

Cerro de Hula (CdH), funded and developed by Actis portfolio company Globeleq Mesoamerica Energy, is Honduras’ first wind farm. It’s also one of the largest in Central America with 51 turbines punctuating the 16,000 acre site. Located 17km south of the capital Tegucigalpa, in the municipalities of Santa Ana and San Buenaventura, it began producing electricity in December 2011. With a 102MW of generation capacity, some 6% of the country’s power, it is contracted to the Honduran national utility company, EmpresaNacional de Energía Eléctrica, under a 20-year power purchase agreement. The wind farm was completed ahead of time and on budget, and officially inaugurated by the President of Honduras, Mr. Porfirio Lobo Sosa, in February 2012.

Cerro de Hula has been registered as a Clean Development Mechanism (CDM) project under the Kyoto Protocol, enabling it to benefit from the sale of carbon credits in the market.