Honduras wind gets $82m guarantee

Gamesa's G97-2.0MW platform

The wind farm will use Gamesa turbines

An agency of the World Bank Group has provided an $82.4m investment guarantee for the expansion of the Cerro de Hula project in Honduras, in another boost to the country's wind sector.

The Multilateral Investment Guarantee Agency (MIGA) will back investors against risks to the 24MW extension project, which will take Honduras’biggest wind farm to 126MW.

Cerro de Hula, owned by Globeleq Mesoamérica Energy, is adding 12 Gamesa 2MW machines to its array 20km south of Tegucigalpa.

New and existing equity investments in the project are covered by the MIGA guarantee against risks including of expropriation, breach of contract, war and civil disturbance.

Mikael Karlsson, CEO of Globeleq, said: “MIGA’s insurance gives us added comfort in our decision to expand our wind-power investment in a country that needs more Log in to read complete article.

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