Nicaragua: $ 50 Million Loan for Wind Energy

The Inter-American Investment Corporation approved a loan to Blue Power & Energy for development of the La Fe-San Martín wind farm.

Friday, March 18, 2011

The loan proceeds will enable BPE construction, commissioning and operation of 22 V90 Vestas generators of 1.8 MW each in Rivas, southwest Nicaragua. The wind park is expected to generate 138 GWh of electricity a year, contributing to an increase of over 5% of the country´s electricity consumption.

With this transaction, the IIC is helping promote the use of alternative renewable energy seeking to meet the growing energy demand while stopping dependence on fossil fuels. The project has a positive impact on the environment resulting in reduction of greenhouse gas emissions. It also represents savings by replacing with clean energy generation from inefficient thermal plants.

More on this topic

Nicaragua: Terra Group Announces Acquisition of Blue Energy

October 2012

The deal, which is still subject to bank approval, will mean the Honduran group will have raised $50 million from the Inter-American Corporation for Investments.

An article in reports Laprensa.com that the negotiations began two months ago, when the entrepreneur Freddy Nasser of Terra Group approached Joaquín Cuadra Lacayo, president of Blue Power & Energy, "to sound out the business opportunity.

$ 209 Million for Cerro de Hula Wind Project

November 2010

The BCIE and the EX-IM Bank signed a loan in favor of Energía Eólica de Honduras.

The resources will be invested in the Cerro de Hula Wind Project, which will generate 102 MW and is located in the Department of Francisco Morazan, Honduras.

The project developer will be EEHSA, a subsidiary of Mesoamerica, SA (ERM).

$159 Million for Wind Farm in Honduras

August 2010

The US Ex-Im Bank has approved a $159 million loan to the Honduran wind power company, Energía Eólica de Honduras S.A., to purchase 51 2MW turbines.

The 51 Gamesa G-87 wind energy turbines are for the Cerro de Hula project that seeks to provide 102MW of renewable clean energy.

Honduras: 102MW Wind Farm Contract Awarded

August 2010

A consortium formed by Gamesa and Iberdrola has been awarded the Cerro de Hula wind farm construction project.

Gamesa makes up 76% of the consortium and Iberdrola Engineering and Construction the remaining 24%. The project is for Mesoamérica Energy, a renewable energy company, via its local Honduran subsidiary, Energía Eólica.

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