- Published: 06 August 2013 06 August 2013
Goldwind USA has announced that the company has closed a US$ 71 million project financing deal for the 55MW project, which represents the first phase of the Penonome wind farm, located in the Province of Cocle, Panama.
Banco Internacional de Costa Rica, S.A. (BiCSA) and Banco Espirito Santo de Investimento, S.A. (BESI) led the financing as Mandated Lead Arrangers. The 10-year construction and term facility is financed through commitments from leading banks and a syndicate of local, regional and international lenders. The 55MW first phase of the total planned 220MW Penonome wind project will feature 22 of Goldwind's GW2.5MW Permanent Magnet Direct Drive (PMDD) wind turbines. Once complete in 2014, the 220 MW Penonome wind project will be the largest wind energy project in both Panama and Central America.