ABB_id2059
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.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015