Document Type

Article

Publication Date

9-22-2011

Abstract

In 2008, only months before his downfall via a coup, Honduran President Manuel "Mel" Zelaya announced a 100-megawatt, US$269 million wind power project--with debt-financing support worth US$220 million jointly provided by the US Export-Import Bank and the regional Banco Centroamericano de Integración Económica (BCIE). Some 24 km south of Tegucigalpa, the Cerro de Hula wind farm is a project developed by Globeleq Mesoamerica Energy (GME)--a financial-services firm in Central America better known as Mesoamerica Energy, a subsidiary of the UK-based Globeleq--focused on developing, building, and operating renewable-energy projects throughout the region. GME's first transaction in the region was the acquisition, in 2004, of Plantas Eólicas SRL (Pesrl), a 23 MW wind farm in operation in Costa Rica. Its present projects, generating hundreds of megawatts, now include the Cerro de Hula wind-farm project.

Language

English

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