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  1. Market Data
December 21, 2021

Larimar Wind Farm, Dominican Republic

By Carmen

Larimar Wind Farm is a 97.8MW onshore wind power project. It is located in Barahona, Dominican Republic. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in March 2016.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 97.8 97.8 Active Barahona, Dominican Republic Cobra Gestion de Infraestructuras; EGE Haina

Description

The project was developed by Cobra Gestion de Infraestructuras and EGE Haina. The project is currently owned by EGE Haina.

The Tubular Steel towers installed at the Larimar Wind Farm (Larimar Wind Farm I), site are 84m high.

The Larimar Wind Farm (Larimar Wind Farm II), has 91.50m high towers.

Development Status

The project is currently active. The project got commissioned in March 2016.

Contractors Involved

Elecnor was selected to render EPC services for the Larimar Wind Farm (Larimar Wind Farm II).

Larimar Wind Farm (Larimar Wind Farm I) is equipped with Vestas Wind Systems V112-3.3 MW turbines. The phase consists of 15 turbines with 3.3MW nameplate capacity.

Larimar Wind Farm (Larimar Wind Farm II) is equipped with Vestas Wind Systems V117-3.45 MW turbines. The phase consists of 14 turbines with 3.45MW nameplate capacity.

About Cobra Gestion de Infraestructuras

Cobra Gestion de Infraestructuras SA (Grupo Cobra), a subsidiary of Actividades de Construccion y Servicios SA, is an engineering and infrastructure company which develops, builds, operates and maintains industrial facilities and power plants. The company’s business areas include renewable energy sources and the environment; industrial engineering and plants; networks and grid infrastructure, installation, assembly and services; and technology and systems. It also offers services such as EPC construction, operation, maintenance and sale of power generated by thermal plants and wind farms. It serves oil and gas, power generation, infrastructure and energy sectors, among others. The company has a presence in North America, South America, Asia-Pacific, Europe and Africa. Grupo Cobra is headquartered in Madrid, Spain.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Related Companies

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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