Market: Latin America
Date of original investment: 2012
Deal type: Greenfield
On the shores of Lake Nicaragua, 125km south of the capital Managua, a new wind project is taking shape.
Eolo, which consists of 22 2MW wind turbine generators, a new substation and connection lines will begin supplying electricity to Nicaragua’s national grid in November 2013. The project is being backed by Actis portfolio company Globeleq, a leading developer, owner and operator of power generation assets in Africa and Latin America. When complete, Eolo will become the second operating wind plant in Nicaragua, displacing more expensive and less environmentally friendly thermal generation sources in the country.
Eolo is currently in the final stages of its submission as a Clean Development Mechanism (CDM) under the Kyoto Protocol; this will enable it to earn carbon credits to sell into the international carbon trading markets.