Honduras wind farm nails $127m

The 50MW San Marcos wind project in Honduras has secured $127m in finance, said Dutch development bank FMO.

FMO is one of a group of international lenders to back the wind farm, which will use 25 Gamesa G90 turbines.

The plant is being developed by local conglomerate Grupo Terra on a site near the Nicaraguan border in Honduras' southwest.

Construction has started and commercial operation is scheduled for early next year, FMO said.

As well as FMO, others to provide the senior debt financing include German development finance institution DEG, France’s AFD and ICCF.

San Marcos will be the second-largest wind farm in Honduras, according to Grupo Terra.

Gamesa is also equipping the 12-turbine extension to the nation's biggest wind farm, Cerro de Hula, bringing it to 126MW.