Ex-Im Bank Approves Loan For Wind Farm In Uruguay

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The Export-Import Bank of the United States (Ex-Im Bank) has approved a $73.6 million direct loan to Palmatir SA, a 50 MW wind farm in Cuchilla de Peralta, Uruguay, that is owned by Abengoa.

The loan is Ex-Im Bank's first wind energy transaction in Uruguay, and it is the largest in the country's history from the bank. The loan will support the purchase of 25 wind turbines from Gamesa Technology Corp. and will help to finance ancillary services and local costs in Uruguay associated with the construction of the wind farm, which will feature Gamesa's G90-2.0 MW turbines.

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