US Ex-Im Bank in $32m loan guarantee for Brazil-bound blades

The blades would be used on turbines to join these existing machines in Ceara

The blades would be used on turbines to join these existing machines in Ceara

The Export Import Bank of the US (Ex-Im) has approved a $32.1m loan guarantee to Brazilian wind equipment group Wind Power Energia, which plans to buy American-made turbine blades.

The Ex-Im guarantee will underpin the Brazilian company’s purchase of blades manufactured by the US subsidiary of LM Wind Power.

The blades will be used on turbines to be deployed by Wind Power Energia at a 180MW wind farm in the Brazilian state of Bahia and a 211MW plant in the state of Ceara.

The guarantee from Ex-Im – which has a remit to support projects that benefit US exports – will back up a loan from Bank of America.

It will help support about 250 permanent jobs at LM Wind Power Log in to read complete article.

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