The Export-Import Bank of the United States has extended a direct loan of US$28.6mn purchase of American wind turbines.

The lender is Energía Eólica de Honduras and the finance will used to expand the Cerro de Hula wind farm in Santa Ana, Honduras, using 12 wind turbines built by Gamesa Wind US, Pennsylvania.
The project’s offtaker is Empresa Nacional de Energía Eléctrica, Honduras’s national electricity company.

US Exim’s chairman Fred Hochberg says: “Building on the success of this impressive project, US Exim is demonstrating the importance of its role to fill gaps in financing for creditworthy borrowers. With this project, we’ve achieved an impressive win all around: for exporters, for US workers, and for energy consumers in Honduras, because the wind-driven generators cost less to operate than their equivalent in fossil-fuelled equipment.”