Ex-Im Bank-backed Orosi Project Wins Latin American Wind Deal of the Year 2013

wind energy deal

Washington, D.C. – The Inversiones Eolicas de Orosi Dos S.A. (Orosi) Wind Project, a 50-megawatt wind farm in Costa Rica backed by Export-Import Bank of the United States (Ex-Im Bank) credit, received the Latin American Wind Deal of the Year 2013 from Project Finance Magazine.

“We thank Project Finance Magazine for recognizing Ex-Im Bank’s commitment to the American renewable-energy industry and the jobs it supports here at home,” said Export-Import Bank Chairman and President Fred P. Hochberg.

In late 2013, Ex-Im Bank approved a $61.1 million direct loan to Orosi, a subsidiary of the leading Central American wind-generation company Globeleq Mesoamerica Energy, for the purchase of wind-turbine generators manufactured by Gamesa in Fairless Hills, Pa.

The authorization, which represents Ex-Im Bank’s first wind transaction in Costa Rica and fourth utility-scale wind project overall, will support approximately 200 U.S. jobs, according to Bank estimates derived from Departments of Commerce and Labor data and methodology.

 

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