CHINA WIND TO PANAMA VIA CHICAGO

Goldwind USA Closes Financing For Panama's First Wind Farm

August 5, 2013 (North American Windpower)

“[Chicago-based] Goldwind USA has closed a $71 million project financing deal for the 55 MW Penonome wind farm, the first in Panama…[T]he project represents the largest wind energy project using Goldwind wind turbines financed by Western lenders. Sponsors for the deal, Goldwind International Holdings Limited and Unión Eólica Panameña S.A. (UEP), were represented by members of Goldwind Capital in Chicago and UEP in Panama…Banco Internacional de Costa Rica, S.A. and Banco Espirito Santo de Investimento, S.A. led the financing…The 55 MW first phase of the total planned 220 MW Penonome wind project will feature 22 of Goldwind’s 2.5 MW permanent magnet direct drive wind turbines. Once completed in 2014, the 220 MW Penonome wind project will be the largest wind energy project in both Panama and Central America…” click here for more

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