in News Departments > Projects & Contracts
print the content item

ContourGlobal, through its subsidiary Energia Eolica SA, has entered into an agreement with Corporacion Financiera de Desarollo SA (COFIDE), Peru's national development bank, for a $95 million loan facility.

First disbursement is imminent, and proceeds will support the construction of the Talara and Cupisnique wind farms in northern Peru. COFIDE used Deutsche Bank as the funding entity for the bridge loan, and long-term financing is expected to close in the second quarter of this year.

The Talara and Cupisnique wind farms, which will consist of 62 Vestas 1.8 MW V-100 wind turbines, are under construction. They will be the first large-scale wind projects in Peru, and represent an investment of approximately $250 million. The projects will enter operation this year and will sell their output under 20-year power purchase agreements.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032