Project Portfolio

Project development

The professional team has evaluated several thousand MW of potential projects in our focus region, spanning all stages of development and a variety of geographical locations. Project technologies include wind, hydroelectric, geothermal and some thermal applications. Mesoamerica Energy's development portfolio consists of greenfield sites that have been developed in-house, as well as assets that have been acquired or are being evaluated.

PESRL

The company currently owns and operates Plantas Eólicas, Sociedad de Responsibilidad Limitada (PESRL), a 23MW wind energy project in Costa Rica. The project was the first utility-scale wind project to be built in Latin America and it continues to generate under a 20 MW PPA with ICE, the Costa Rican utility company. Mesoamerica Energy acquired the project from Dynegy in 2004. Despite PESRL's aged equipment (Kenetech KVS-33), the operations team continues to maintain 95%+ availability and capacity factors above 40%.

Cerro de Hula

This 100MW wind development project is located in Honduras, 20km south of Tegucigalpa in the municipalities of Santa Ana and San Buenaventura. The wind resource at the site is well measured (nine years of wind data) and the company has all of the required development permits. In May of 2005, Mesoamerica Energy acquired the development rights, wind data and previous studies from Enron Wind, who had advanced the project since the late nineties. On October 1^st, 2008, Mesoamerica Energy executed a PPA for 100MW with ENEE, the state-owned utility, and plans to begin construction in 2009.

Cinética

In 2006, Mesoamerica Energy acquired CINETICA, S.A., a Nicaraguan company founded in 2004 to develop wind power projects in that country. Through CINETICA, we have acquired rights to several projects already in the development stage, and have initiated several more with a combined potential of over 100MW.