El Salvador: $43 Million for Wind Farm

Banco Agromercantil de Guatemala announced a $43 million loan for the construction of part of the 54 MW Ventus wind farm to be located in the municipality of Metapán.

Wednesday, July 3, 2019

It was reported in February that the Guatemalan and Honduran capital company, Ventus, will invest $73 million over 10 years in the construction of a wind farm with a capacity of 54 MW, and that the tax benefits to be granted to it in El Salvador resulted from the signing of a Legal Stability contract for Investments.

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From the Banco Agromercantil press release:

Guatemala, July 2, 2019.- Banco Agromercantil, BAM, a banking entity part of Grupo Bancolombia, with a history of more than 92 years in the financial market, announced that it will be a leading agent and co-structures in the financing of the Ventus, S.A. project; the first wind farm in El Salvador, with the participation of Banco Agrícola de El Salvador -also a subsidiary of Bancolombia- as fiduciary agent.

BAM approved a USD 42.75 million loan for the construction of this clean wind power plant, the first of its kind in the neighboring country, which will be in the municipality of Metapan, Department of Santa Ana. With a capacity to generate 54 megawatts, the Ventus Wind Farm will benefit more than 80,000 Salvadoran families, diversifying El Salvador's energy matrix and helping to reduce greenhouse gas emissions.

Read full press release (In Spanish).

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More on this topic

Wind Energy: Wind Farm to Start Operations

April 2021

As of April 2021, the Ventus wind power plant, an electricity generation park with an installed capacity of 54 MW, will begin operating in El Salvador.

The new power generation park, which has 15 wind turbines of 120 meters high each, is located in the municipality of Metapan, Department of Santa Ana.

El Salvador: $10 Million More for Wind Farm

August 2019

Banco Cuscatlán approved a $10 million loan for the construction of part of the Ventus wind farm, which will have a capacity of 54 MW and will be in the municipality of Metapán.

The $10 million approved by Banco Cuscatlán for the construction of the wind farm will be added to the $43 million that Banco Agromercantil de Guatemala authorized in early July.

Guatemala: $50 million for Wind Farm

March 2014

The Central American Bank for Economic Integration will provide a loan for the construction of a wind project on a site in San Antonio Villa Canales.

From a statement issued by the Central American Bank for Economic Integration (BCIE):

"The project involves the design, construction, installation and operation of a wind farm with 50.0MW of installed capacity, which includes the installation of up to 16 wind turbines, distributed and placed according to the results of the micro-siting analysis, with the aim of optimizing the available wind resources. "

Honduras : $127 million For Wind Project

February 2014

The delayed construction of the wind power project to generate 50 MW in San Marcos will be funded by international banks.

The Dutch Development Bank (FMO) announced that five international financial institutions have provided loans for $127.5 million to finance a 50 MW wind power project in San Marcos.

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