$9.2 million additional capital for wind power project in Costa Rica
Econergy International said it has secured additional working capital of up to $9.2 million and in particular short- to medium-term finance of up to $89.3 million.
Wednesday, September 10, 2008
The financing is as part of an amended credit facility with an affiliate of Suez Energy South America Participaes Ltda.
Exim Bank could lend up to $250 million to company Mesoamérica Honduras, for the construction of a wind power park.
Small investors have bought $15 million in shares ranging from $1,000 to $20,000, from a trust that will finance a wind project in Uruguay. Another $62 million will be offered to institutional investors.
The Multilateral Investment Guarantee Agency has provided a guarantee of $82.4 million for a 24 MW expansion in the Cerro de Hula wind farm.
Funding pledged by international banks hit by the global financial crisis must be replaced by other sources of capital.
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