Ex-Im Bank Approves $61.1 Million for Export of U.S.-Made Wind-Turbine Generators to Costa Rica
November 26, 2013
(Ex-Im Bank)
WASHINGTON, Nov. 26, 2013 -- The Export-Import Bank of the United States (Ex-Im
Bank) has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi
Dos S.A. (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.
"We at Ex-Im Bank continue to support renewable-energy projects that improve our
environment and showcase American innovation," said Ex-Im Bank Chairman and
President Fred P. Hochberg. "Our financing will help Gamesa expand their export
of renewable energy technology and in the process support U.S. jobs throughout
the wind industry."
Gamesa's wind-turbine generators are the chosen technology for the 50 megawatt
Orosi wind-farm project located in the province of Guanacaste. Costa Rica is
currently focusing on different renewable-energy projects.
Founded in 1976, Gamesa has manufactured wind turbines since 1994. To date,
Gamesa has installed and commissioned wind farms in 42 countries with a total
capacity exceeding 27,000 megawatts.
"Ex-Im Bank has been at the vanguard of President Obama's national export
initiative," said David Flitterman, chairman of Gamesa North America. "The bank
has facilitated a number of export projects for Gamesa, including the Orosi
project, and continues to work with us to create new opportunities for growth
and expansion. With their competitive rates and expertise, Ex-Im Bank is opening
up new markets and opportunities for U.S.-manufactured goods, and that's
increasing investments at home and sustaining American jobs across the supply
chain."
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