ContourGlobal to build 114-MW wind farms in Peru

Oct 4, 2012 - US energy company ContourGlobal said Thursday it would build two wind farms in Peru with a combined capacity of 114 MW after acquiring the projects from local wind power firm Energia Eolica SA.

ContourGlobal’s investment in the Cupisnique and Talara wind farms is valued at USD 250 million (EUR 194m).

The electricity generated by the two farms, which will be the largest in South America outside of Brazil, will be sold under 20-year power purchase agreements under Peru's renewable energy resource (RER) programme.

ContourGlobal has signed a turnkey engineering, procurement and construction contract (EPC) for the development of the two projects with Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS).

The Cupisnique farm is located in the province of Capasmayo in La Libertad region and will feature 45 units of 1.8-MW Vestas V-100 wind turbines. Talara is located in the province of Talara in the Piura region and will use 17 units of 1.8-MW Vestas V-100 turbines. Both wind farms will be connected to the country’s grid via new substations and transmission lines. The farms are scheduled to come onstream in the fourth quarter of 2013.

(USD 1 = EUR 0.775)

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