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The complex will be Hondura's second wind park once it is completed in the municipality of San Marcos de Colón, 140km south of capital Tegucigalpa.
In a statement, Iberdrola said it will responsible for EPC and startup of the project and the associated substation, as well as a 40km transmission line to connect to the grid.
Gamesa will supply 25 2MW G90 wind turbines.
In March, the project developer announced plans to bring San Marcos online in November.
The companies also took part in developing the 102MW Honduran wind park Cerro de Hula. An expansion is underway to take capacity to 126MW.
The country's installed capacity in December totaled 982MW thermo, 558MW hydro, 106MW biomass and 102MW wind.
BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.