- Published: 26 August 2014 26 August 2014
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a pair of direct loans to two wind power projects in Peru for the export of wind turbines manufactured in Hutchinson, Kansas, and Fort Madison, Iowa, by Siemens Energy Inc.
The financing, almost US$ 65 million in total, represents Ex-Im Bank's first renewable-energy transactions in Peru. The wind turbines are destined for use in the Marcona wind project and the Tres Hermanas wind project, which are located in close proximity in the Ica region of southern Peru and are estimated to yield an aggregate 129MW. Repayment terms are 17.3 years for the Marcona project and 16.6 years for the Tres Hermanas project, respectively.