Ex-Im Bank-backed Orosi Project Wins Latin American Wind Deal of the Year 2013
March 19, 2014
(Ex-Im Bank)
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.
"By financing the export of wind blades
manufactured by Gamesa in Pennsylvania, we not
only bolstered American job growth, but we also
contributed to energy production in Costa Rica.
It should be no surprise that we approved $257
million in authorizations for exports in wind,
solar, biomass and other renewable-energy
industries in FY 2013 to support high-tech
American jobs."
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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