Amayo I and Amayo II, collectively "Amayo," is a wind power generation plant located in Rivas, Nicaragua, approximately 80 miles south of Managua. The power consists of 30 2.1 MW Suzlon S88 50HZ wind turbines.
Amayo has entered into two 15-year PPAs with Dissur and Disnorte, private power companies owned by Union Fenosa, which was recently acquired by Gas Natural, for 100% of the energy generated; the PPAs will expire in 2024. The tariffs under the PPAs with Disnorte and Dissur are based on structures with fixed capacity and variable energy components that allow for pass-through of variable costs and recovery of operation and maintenance costs, fixed capital costs, servicing of debt and a return on investment. The tariffs are denominated and paid in U.S. dollars.
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