Investment Banks Lend $128M for Honduras Wind Farm

Law360, New York (February 5, 2014, 3:25 PM EST) -- A group of international investment organizations led by The Netherlands Development Finance Company, or FMO, has agreed to provide $127.5 million in debt financing for a 50-megawatt wind farm project in San Marcos, Honduras, that will reduce the country’s dependence on imported fossil fuels, FMO said Wednesday.

The San Marcos wind farm project, owned by Vientos de Eletrotecnia, a unit of the Honduran corporation Grupo Terra, is located in southwest Honduras near the Nicaraguan border, according to FMO, a Dutch development bank. The wind farm will...
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