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Tilawind Wind Power Plant

Sector: Wind • Location: Costa Rica

Source: World Bank Group

Project
Active

Costa Rican companies New Tessela and Gruman Energy announced the development of the 21-MW wind power located at Tilaran, province of Guanacaste. The power plant was named Central Eolica Tilawind.

In 2012, Tilawind Corporation signed a 20-year power purchase agrément with the Costa Rican utility ICE after taking part in a competitive bidding. The company winning offer was a rate of US$ 86/MWh.

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The project “Tilawind Wind Power Plant” is an infrastructure initiative in the Wind sector, located in Costa Rica. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Costa Rican companies New Tessela and Gruman Energy announced the development of the 21-MW wind power located at Tilaran, province of Guanacaste. The power plant was named Central Eolica Tilawind. In 2012, Tilawind Corporation signed a 20-year power purchase agrément with the Costa Rican utility ICE after taking part in a competitive bidding. The company winning offer was a rate of US$ 86/MWh. The sponsors created the special purpose company Tilawind Corporation. Information on the investment amount was not available. In 2014, the state-owned bank Banco Nacional granted a US$ 40 million for the project. In February 2014, Tilawind Corporation had signed an equipment supply contract with Vestas. Construction works started in 2014, and operations were expected to commence in the second semestre of 2015. Changed investment year back to 2014.

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