Panama Makes Moves to Strengthen Investments in Renewable Energy

Investments in Renewable Energy
Ingeteam has also connected two photovoltaic plants in the country, one for 200 kW whilst the other is a 15 kW self-consumption plant in Colón

Investments in Renewable Energy Panama ( Solar Thermal Magazine)

Ingeteam has opened a new subsidiary in Panama, a country which is planning on strengthening its investment in renewables over the next few years.

The company is currently working for the first wind farm to be constructed in Panama and the largest in Central America, carrying out the O&M work on the wind turbines and substation. This farm has 22 wind turbines and an installed power of 55 MW, equivalent to the electricity supply to 20,000 homes. Likewise, there are plans to extend the farm with a further 66 wind turbines (stages II and III) which would increase its capacity to 165 MW and provide 8% of the estimated energy required by Panama.

This year, Ingeteam has also connected two photovoltaic plants in the country, one for 200 kW whilst the other is a 15 kW self-consumption plant in Colón.

Ingeteam’s subsidiary in Panama was recently inaugurated with the recruitment of 7 persons, and an estimated 20 workers in the course of next year. The subsidiary is focussed on the provision of operation and maintenance services to renewable energy plants and also on equipment marketing and after-sales services. The initiative arose as a result of Panama’s decision to invest in renewables, in line with its 2009-2023 National Energy Plan which includes studies on wind and PV power. Considering the country’s situation, renewables could become part of a forward-looking strategy in the short to medium term.

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