Ex-Im Bank Backs Gamesa Wind Turbine Deal

NA Windpower, Tuesday 26 November 2013 - 12:37:37

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.”





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