Peruvian company to build $240 million wind farm

PARACAS, PERU - Peru's government says renewable energy company Iberoperuana Inversiones SAC is developing a $240 million, 240 megawatt wind farm on Peru's southern coast.

Peru Energy Minister Juan Valdivia Romero says the park will provide electricity to more than 80,000 families and that production will reach 20 megawatts by the end of 2008.

Iberoperuana is building the wind farm in the district of Paracas and inaugurated the first turbine of the wind park just recently.

Iberoperuana Inversiones is a Peruvian company with Peruvian and Spanish capital that began operating in 2007 with initial support from Spanish Wind Iberica SA.



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