Honduras: Wind Project to Deliver a Guarantee of $4.5 Million

Mesoamérica Energy will deliver a guarantee of compliance to the government for the development of the Cerro Ula wind farm project.

Wednesday, April 29, 2009

The guarantee would support the implementation of the first phase, which contemplates the generation of 60 MW of energy. José Morán, manager of Mesoamérica Honduras, said, "This shows that we are working and that we are going at a good speed according to what the contract with the National Electric Power Company calls for."

A laprensahn.com article indicated that the company is seeking funding from the Export-Import Bank of the United States, with which it can start work in January 2010.

The project is looking to produce 100 megawatts for the National Electric Power Company.

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Ex-Im Bank Finances Expansion of Cerro de Hula Wind Farm

March 2013

The $28.6 million loan granted to Energía Eólica de Honduras S.A. will increase the generating capacity of Cerro de Hula to 126 MW.

The terms of the loan include the assembly of new wind turbines being the responsibility of 200 North American workers from the state of Pennsylvania.

$ 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).

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.

Honduras: 130 million dollars available to produce wind energy

May 2008

The Mesoamerica Energy Company will propose to the National Electrical Energy Company construction of a wind park valued at 130 million dollars (2.4 billion lempiras) that's capable of generating 60 megawatts.

The initiative comes from the local and regional private sector. A similar project is operating in Costa Rica and another is under construction in Nicaragua.

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