Project financing of a renewable energy power plant in a developing country

In this paper, a technical and financial analysis of an eolian power generation project in the western region of Venezuela is presented. The purpose is to determine the feasibility and sustainability of a project to install a wind farm with 126 MW power generation capacity in the Paraguaná Peninsula, where wind have an average speed of the 7.2 m/sec and existing electric power system have restrictions and high unavailability. The analysis was performed from the point of view of private investment taking into account, additionally, the profits for the country and government.