in News Departments > Projects & Contracts
print the content item

The Export-Import Bank of the United States (Ex-Im Bank) has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi Dos S.A., a subsidiary of Central American wind generation company Globeleq Mesoamerica Energy, for the purchase of Gamesa wind turbines.

The Gamesa turbines will be used to power the 50 MW Orosi wind farm project, located in the province of Guanacaste. The company will manufacture the machines in Fairless Hills, Pa. Ex-Im Bank says the authorization, which represents its first wind transaction in Costa Rica and fourth utility-scale wind project overall, is expected to support approximately 200 U.S. jobs.

“We at Ex-Im Bank continue to support renewable-energy projects that improve our environment and showcase American innovation,” comments Ex-Im Bank Chairman and President Fred P. Hochberg. “Our financing will help Gamesa expand their export of renewable energy technology and, in the process, support U.S. jobs throughout the wind industry.”

David Flitterman, chairman of Gamesa North America, adds, "The bank has facilitated a number of export projects for Gamesa, including the Orosi project, and continues to work with us to create new opportunities for growth and expansion.”




Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Canwea_id1984
Renewable NRG_id1934