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Latino Daily News

Thursday August 23, 2012

Spainish Firm Inaugurates $82 M Wind Firm in Puerto Rico

Spainish Firm Inaugurates $82 M Wind Firm in Puerto Rico

Photo: Punta Lima wind farm

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Spain’s Gestamp Wind has inaugurated the $82 million Punta Lima wind farm in Naguabo, a city on Puerto Rico’s east coast, company executives said.

The wind farm will start providing electricity to residents of the Caribbean island in October, Gestamp Wind North America president and CEO Javier Mateache said.

“Gestamp will continue investing and creating jobs and wealth on the island, participating in the change needed to produce cheaper, cleaner and inexhaustible energy for the people of Puerto Rico,” Mateache said during the wind farm’s inauguration on Wednesday.

The Gestamp executive was joined at the event by Puerto Rican Gov. Luis Fortuño.

The wind farm, which has five of the 13 planned turbines in place, will generate enough power to meet the annual needs of 9,000 houses.

Puerto Rico’s government has enacted legislation that sets the goal of generating 12 percent of the island’s electricity from renewable sources by 2015, with the targets rising to 15 percent in 2020 and 20 percent in 2035, Fortuño said.

Puerto Rico was not generating any electricity from renewable sources before 2009, the governor said.

Gestamp, which employs 21,000 people at 100 plants in 25 countries, has annual revenues of about $6.8 billion.

The company has constructed wind farms with total generating capacity of 460 MW in a number of countries, including Spain, Brazil and the United States, among others.