The COX Group is Awarded a 20-Year Wind Energy Contract in Panama Worth over $350 Million by ETESA
The tender was awarded to the Spanish company Cox to supply more than 5.22 terawatt-hours (TWh) of renewable energy through the ‘Santa Cruz Wind’ wind energy project.
The Cox Group secured a 20-year wind energy contract in Panama worth over $350 million awarded by ETESA, involving the Santa Cruz Wind project. It will contribute significantly to the country’s energy transition through the addition of new wind generation capacity.
Contract and Project Details
- Award Value: Valued at over $350 million (USD).
- Duration: 20 years of total supply.
- Energy Volume: Approximately 5.22 TWh of total wind power delivered.
- Project Name: Santa Cruz Wind.
- Capacity: 68.4 MW of installed power via 12 wind turbines, generating 260 GWh/year.
Impact and Objectives
- Energy Supply: Supplies electricity to major local distribution companies to reinforce supply security.
- Transition: Boosts Panama’s renewable energy profile and lowers carbon emissions tied to electricity production.
Windmills in the Background Currently in Operation in Penonome Panama
A 20-year renewable energy supply contract was awarded by the Electric Transmission Company (Etesa) to the COX Group of Spain, which will develop the ‘Santa Cruz Wind’ wind farm. The project will allow us to meet part of the electricity demand of the country’s main distribution companies, reinforcing the security of supply through new renewable energy capacity.
