Ex-Im Bank supports Costa Rica wind farm exports

   The U.S. Export-Import Bank has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi Dos S.A. (Orosi), a subsidiary of Central American wind-generation company Globeleq Mesoamerica Energy, to buy wind turbine generators manufactured by Gamesa in Fairless Hills, Pa.
   The authorization represents Ex-Im Bank’s first wind industry transaction in Costa Rica and fourth overall utility-scale wind project.
   “Our financing will help Gamesa expand their export of renewable energy technology and in the process support U.S. jobs throughout the wind industry, ”said Ex-Im Bank Chairman and President Fred P. Hochberg, in a statement.
   Gamesa’s wind-turbine generators will support the 50-megawatt Orosi wind farm located in the Costa Rican province of Guanacaste.
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Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.