BRIEFS. Energy

Alliance formed to generate energy from wind

The German company Wind 7 AG has established a strategic alliance with the Panamanian company Aerogeneradores Cerro Azul S.A. to develop a wind park capable of generating 200 megawatts of energy in the vicinity of Colón.

The Eólico Panamá-Atlántico project, will unite the efforts of German businessman Dirk Jesaitis, president of Wind 7 and ex-president of Germany's Wind Energy Association, with those of Panamanian engineer and president Aerogeneradores Cerro Azul, Antonio Clement. The company envisions making an initial investment in the project of $400 million during the next two years.

During its first phase the wind energy provider will generate 30 megawatts with 15 turbines capable of delivering 2 megawatts each, enough energy to supply between 8 and 10 thousand homes in Colón.