Grupo Terra Receives $127.5 Million Loan for Honduras Wind FarmStephan Nielsen
Grupo Terra, a closely-held Honduras investment company, received $127.5 million from five international lenders to build the nation’s second-biggest wind farm.
The 50-megawatt San Marcos project under construction in southwest Honduras is expected to start producing power by early 2015, according to a statement on the website of Dutch development bank FMO, which provided part of the loans. The other lenders were Germany’s KfW Group, France’s Agence Francaise de Developpement, the OPEC Fund for International Development and the World Bank’s Interact Climate Change Facility.
The project uses 25 turbines from Gamesa Corp. Tecnologica SA, according to the statement.
Globeleq Mesoamerica Energy SA owns Honduras’s biggest wind farm with 102 megawatts of capacity, according to data compiled by Bloomberg.
FMO is formally known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV.