in News Departments > New & Noteworthy
print the content item

The Export-Import Bank of the U.S. (Ex-Im Bank) has approved direct loans to two wind power projects in Peru for the export of wind turbines manufactured by Siemens Energy.

The wind turbines, manufactured at Siemens' Hutchinson, Kan., and Fort Madison, Iowa-based production facilities, are destined for the Marcona wind project and the Tres Hermanas wind project, located in the Ica region of southern Peru.

According to the bank, the repayment terms are 17.3 years for the Marcona project and 16.6 years for the Tres Hermanas.

The financing represents Ex-Im Bank's first renewable energy transactions in Peru and will support approximately 800 U.S. jobs in Kansas and Iowa. Additionally, 20% of each transaction should provide indirect support to small-business exporters, notes the bank.

Last year, the Ex-Im Bank authorized $257 million to support renewable energy exports, primarily to Central and Latin America.

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.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032