New Ingeteam subsidiary opens in Panama to serve the renewable energy market

In line with the company’s commitment to internationalisation, Ingeteam has opened a new subsidiary in Panama, a country which is planning on strengthening its investment in renewable energy over the next few years. The company’s Panamanian subsidiary was recently inaugurated with the recruitment of 7 persons, and an expected 20 workers to be employed over the course of next year. The subsidiary focuses on the provision of operational and maintenance services for renewable energy installations and also on equipment marketing and after-sales services.

The initiative arose as a result of Panama’s commitment to renewables, in line with its 2009-2023 National Energy Plan which includes studies on wind and PV power. Given the country’s situation, renewable energy could become part of a forward-looking strategy in the short- to medium-term.

The company is currently working on the first wind farm to be constructed in Panama, the largest in Central America, carrying out O&M work on the wind turbines and substation. This farm has 22 wind turbines and an installed power of 55 MW, equivalent to the electricity supply to 20,000 homes. Likewise, there are plans to extend the farm with a further 66 wind turbines (phases II and III) which would increase its capacity to 165 MW providing 8% of the country’s estimated energy needs. This year, Ingeteam has also connected two photovoltaic plants in the country, one for 200 kW in Panama City whilst the other is a 15 kW self-consumption plant in Colón.