(SeeNews) - Mar 25, 2014 - Honduras-based Central American Bank for Economic Integration (CABEI) yesterday said it approved a loan of USD 50.7 million (EUR 36.7m) for the first wind energy project in Guatemala, to be developed near Guatemala City.
The loan will partly finance the San Antonio el Sitio project, estimated at a total USD 84 million, while the remainder will be financed by local banks Banco G&T Continental and Banco Agromercantil.
The wind farm will be built in 2014 and 2015. It will have up to 16 turbines and an installed capacity of 50 MW.
(USD 1 = EUR 0.723)