Ex-Im Bank Provides Financing For Honduran Wind Project

Gamesa Wind US LLC will export equipment and services for the Cerro de Hula Wind Farm, a utility-scale wind project in Honduras, with the support of project financing from the Export-Import Bank of the United States (Ex-Im Bank).

Ex-Im Bank's $159 million direct loan to the project sponsor, Energia Eolica de Honduras SA, will finance its purchase of 51 Gamesa G87 2 MW wind turbines for the 102 MW wind farm.

The facility will be located 20 km south of the capital city of Tegucigalpa in the municipalities of Santa Ana and San Buenaventura. When operational, the wind farm will be the fourth-largest power generator in Honduras, producing about 6% of the country's power, according to Ex-Im Bank.

‘It's a remarkable story when a Spanish company such as Gamesa invests in high-paying U.S. jobs in Pennsylvania and is then able to export wind turbines to customers in Central America,’ says Fred P. Hochberg, chairman and president of Ex-Im Bank. ‘Renewable energy sources, such as wind and solar power, are increasingly important energy providers, and U.S. manufacturing is leading the way in these technologies.’

The wind turbines will be manufactured at Gamesa's Pennsylvania manufacturing facilities using generators supplied by ABB Group's transmission and distribution company in Bland, Va.; blades by LM Glassfiber Inc. in Grand Forks, N.D.; and associated equipment and services from other U.S. suppliers.

SOURCE: Export-Import Bank of the United


Please enter your comment!
Please enter your name here