Gamesa Receives Award From Ex-Im Bank

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Gamesa Technology Corp. will receive the 2011 Renewable-Energy Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank) at the bank's 36th Annual Conference in Washington, D.C.
Gamesa invested over $70 million to convert more than 20 acres at a former U.S. Steel industrial site in Fairless Hills, Pa., into a manufacturing center for the production of nacelles. The company also invested over $80 million at Ebensburg, Pa., to build a new blade manufacturing facility. Gamesa plans to export 51 wind turbines this year to Honduras backed by financing from Ex-Im Bank.

‘Gamesa is an excellent example of how innovative, renewable energy companies can help meet energy needs across the globe and create jobs here at home,’ says Fred P. Hochberg, chairperson of Ex-Im Bank.

In 2010, Ex-Im Bank authorized a $159 million direct loan to Energia Eolica de Honduras SA to finance Gamesa's export of 51 wind turbines (102 MW) for the Cerro de Hula wind farm.

SOURCE: Export-Import Bank of the United States

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