$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


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The financing is as part of an amended credit facility with an affiliate of Suez Energy South America Participaes Ltda.

More on this topic

Funding Available for Honduran Wind Power Park

October 2009

Exim Bank could lend up to $250 million to company Mesoamérica Honduras, for the construction of a wind power park.

Delegates from Exim Bank visited the country in order to find out more about the park and assess how much legal security this types of investments enjoy in the country.

Popular Capitalism in Action

March 2015

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.

EDITORIAL

The offer received in the Uruguayan Securities Exchange from small investors reached $100 million, a clear sign of the high interest in the prospective investment which has a mitigated risk as it is a project by a strong state run enterprise, with a return almost assured, estimated at about 11.5% a year, in the 20 years which is the term of the share certificate.

Honduras: Financial Guarantee for Expansion of Wind Farm

February 2014

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.

The institution of the World Bank Group which offers insurance against political risks and credit enhancement mechanisms, has provided a guarantee of investment to support the expansion of 24 MW at the Cerro de Hula wind farm, which has an existing capacity of 102 MW.

Delay in Panamanians Wind Projects

June 2009

Funding pledged by international banks hit by the global financial crisis must be replaced by other sources of capital.

In other cases, the government has denied the necessary operation permits due to breach of requisites.
Actions by environmentalists, who want to prevent the use of the Santa Fe National Park for a wind farm, claiming "ecological fragility" of the area have also influenced in the delay.

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