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.


Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


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.

Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934