Ex-Im loan to Honduras for Gamesa turbines

The Export-Import Bank of the US (Ex-Im) will lend a Honduran wind farm operator $28.6m to help expand its operation with 12 Gamesa turbines.

Ex-Im will make the loan directly to Energía Eólica de Honduras, enabling it to add 24MW to its Cerro de Hula Wind Farm and bring the total capacity to 126MW.

The developer will buy six G87 and six G97 2MW turbines assembled at the Spanish wind group’s plant in Pennsylvania.

Ex-Im was an original backer of Cerro de Hula in 2010, when it was built at a site 22km south of Tegucigalpa.

The wind farm produces about 6% of Honduras’s power, says Ex-Im, selling the electricity to state utility Empresa Nacional de Energía Eléctrica.

Ex-Im – which offers finance to projects that benefit US exports – claims the loan will support about 200 jobs in six states.

Gamesa North American chairman David Flitterman said the central American deal was a boost as the US market “slowly recovers” after the last-gasp renewal of the Production Tax Credit.

“Thanks to Ex-Im Bank these export projects are creating new business opportunities in emerging markets, and are supporting good-paying jobs throughout the entire supply chain," said Flitterman.