Guatemalans Buy Wind Farm in Honduras

In a transaction whose amount was not disclosed, Globeleq Mesoamerica Energy and Actis sold 100% of the equity of the 125 MW wind farm Cerro Hula to Corporacion Multi Inversiones.

Wednesday, January 4, 2017

From a press release by Actis Energy:

Actis, a leading growth markets investor, and Mesoamerica, a Latin american investment management firm, today announced the sale of their stake in Globeleq Mesoamerica Energy (GME) to Corporacion Multi Inversiones (CMI) a corporation of Central American origin with activities across 13 countries. CMI is acquiring a combined 100% stake from Actis and Mesoamerica.

Mesoamerica acquired GME in 2004 with the vision to create the leading renewable company in Central America. In 2010, Actis partnered with Mesoamerica and acquired 70% stake in the Company.

GME commenced operations in 1996 with the construction of a 23 MW project in Costa Rica, the  first utility-scale wind farm in Latin America.  Over the next six years, Actis and Mesoamerica worked with the management team to bring the platform to scale, increasing its capacity by over 16x and creating the leading renewable company in the region.

Today Globeleq Mesoamerica Energy has an operating capacity footprint of 394 MW. Based in San Jose, Costa Rica, its operations span wind and solar technologies across some of the most attractive power markets in the region. The Company’s portfolio includes landmark projects such as Cerro de Hula in Honduras, one of the largest wind farms in Central America, Eolo in Nicaragua, and PERSL, Orosi and Alisios in Costa Rica.



More on this topic

SunEdison Buys Globeleq Mesoamerica Energy

June 2015

Actis and Mesoamerica have agreed to sell SunEdison 100% of its interest in Globeleq Mesoamerica Energy, which operates in the area of ​​renewable energy plants.

From a statement issued by Globeleq Mesoamerica Energy:

Actis and Mesoamerica, investment and consultancy firms based in Costa Rica and Colombia have agreed to sell 100% of their combined interest in Globeleq Mesoamerica Energy (GME), a leader in the business of wind energy and solar energy in Central America, to SundEdison. SunEdison is the largest developer of renewable energy in the world.

Globeleq Acquires Wind Farm in Nicaragua

April 2012

Globeleq Generation Limited (Globeleq), an energy company, announced the acquisition of a 100% stake in the project Eolo de Nicaragua S.A. which aims to generate 44 MW.

Eolo is in the province of Rivas on the shore of Lake Nicaragua, about 125 kilometers south of the capital, Managua.

$ 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).

Wind Farm in Cerro de Hula Moves Forward

November 2010

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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