The 51 Gamesa G-87 wind energy turbines are for the Cerro de Hula project that seeks to provide 102MW of renewable clean energy.
The project is located 20km south of the Honduran capital, Tegucigalpa, in the municipalities of Santa Ana and San Buenaventura. When complete, the wind farm will contribute approximately 6% twoward the country's total energy consumption. It is being developed by Mesoamerica Energy, a division of Globeleq Holdings.
The investment is funded by the Export-Import Bank of the United States (Ex-Im Bank).
The letter of credit issued by Citi to Globeleq Mesoamerica Energy is for the import of 25 turbines for the 50MW wind farm Orosi, to be built in Guanacaste.
The Spanish company Gamesa is the beneficiary of the letter of credit for the import and installation of 25 turbines in the wind farm being developed by Globeleq Mesoamerica Energy in the area of Quebrada Grande, near Liberia, Guanacaste.
By the end of 2014 the Spanish company Gamesa expects to complete the construction of a 50 MW wind farm in the province of Guanacaste.
From a press release by Gamesa:
Gamesa, a global technology leader in the wind industry, has signed a contract, in Costa Rica, for construction, supplies and turnkey installation of a 50 MW wind farm with Globeleq Mesoamerica Energy (GME).
Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction.
The majority-owned subsidiary of Globeleq, Mesoamerica SA Renewable Energy (Known as Mesoamerica Energy), leader in development of wind projects in Central America, has been developing the 102 MW wind power project through its own local entity Wind Energy Honduras SA (EEHSA).
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