Panama’s largest power generator, AES Corporation acquires the 55-megawatt Penonomé I Wind Project


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Goldwind Americas announced the sale of its 55-megawatt Penonomé I (one) Wind Project to AES Panamá S.R.L. (“AES Panamá”), a subsidiary of The AES Corporation (NYSE: AES) and Panama’s largest power generator.

David Sale, Chief Executive Officer for Goldwind Americas commented that, Penonomé I Wind Project was not only Goldwind’s first in the central American country but it was also Panama’s initial foray into wind energy and they were proud to be a part of it. Adding to his statement,he further mentioned that the sale of the Penonomé I Wind Project to AES Panamá has further demonstrated the strong accreditation of Goldwind’s industry-leading Permanent Magnet Direct-Drive turbine technology among leading power producers across the Americas.

The company was excited to execute this transaction with AES Panamá, Panama’s largest power producer, said Saad Qais, Chief Financial Officer for Goldwind Americas. He also added that, the lasting impact of AES Panamá’s investment in the Penonomé I Wind Project is a cooperation built on a common desire to provide strong, sustainable power production throughout the Americas.

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Miguel Bolinaga, President of AES in Panamá, stated that, they were pleased to add this new wind generation facility to the company’s portfolio. It demonstrated their commitment to increase the renewable energy generation and continue investing in the Republic of Panama.

The Penonomé I Wind Project, located in the Coclé Province on Panama’s southern coast, is comprised of 22 Goldwind GW109/2500 Permanent Magnet Direct-Drive turbines. Goldwind bought the project from Union Eolica Panameña (UEP) in 2012 and reached commercial operation for the wind park in 2014.

Under the terms of the deal with AES Panamá, Goldwind Americas will continue to support the project’s operations at industry-leading availability levels.

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