Spanish cleantech developer Acciona has won a tender bid to construct a 50MW wind farm in Costa Rica, the company's first venture in the country.
Acciona will design, construct and operate the Chiripa facility that will utilise 33 turbines and is expected to cost $125m. The development is supported by a 20-year power purchase agreement which, when complete, will see ownership of wind farm transferred to the Instituto Costarricense de Electricidad, the agency that ran the tendering competition process.
The Spanish company expects to begin construction at the site towards the end of 2012, with building predicted to last one year.
This latest deal in a new country is all part of Acciona's globalisation drive and the company now has facilities in six European countries; the US, Canada, Mexico, India, South Korea and Australia. It recently commissioned its third wind park in India and the completion of a project in September made it the largest wind asset owner in Mexico.