US Exim has issued a US$61.1mn loan to a Costa Rican wind generation company.
Orosi, a subsidiary of Globeleq Mesoamerica Energy, will use the loan to purchase wind turbine generators from a Pennsylvanian company, Gamesa.
The turbines will be deployed in Orosi’s 50MW wind farm in Costa Rica’s Guanacaste province. The loan represents the first wind farm transaction US Exim has made in Costa Rica and fourth utility-scale wind project in total.
Gamesa has been a beneficiary of US Exim support in the past. In March of this year, a Honduran energy company borrowed US$28.6mn for the export of 12 Gamesa wind turbines. The same company secured a US$159mn direct loan from US Exim in August 2010 – again, for the delivery of Gamesa wind technology.
The company’s North American chairman praises the ECA’s “competitive rates and expertise”, while US Exim chairman Fred Hochberg adds: “Our financing will help Gamesa expand their export of renewable energy technology and in the process support US jobs throughout the wind industry.”