CABEI approves USD 50.7m loan for wind farm in Guatemala

(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)

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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.

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