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IMPSA will get a US$ 150 million loan from the Inter-American Development Bank (IDB) to help finance its plans to expand wind energy generation in Latin America.

The IDB loan will be to IMPSA’s Brazilian subsidiary Wind Power Energía S.A. to support the construction of an estimated four wind farms, three in Brazil and one in Uruguay, which will add 546MW of wind energy capacity in the region by 2014. The IDB will also provide IMPSA with technical assistance to conduct an energy efficiency audit in its primary hydro and wind turbine manufacturing plant. The study will help identify options for reducing the energy costs and greenhouse gas emissions at the plant, solutions that can be also implemented in other IMPSA’s plants.
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