US bank lends $65m for Peru wind farms

The US Export-Import Bank has agreed to lend $65 million (339.2m) for two wind power projects being built in Peru. The cash will be used to export wind turbines manufactured […]

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By Priyanka Shrestha

The US Export-Import Bank has agreed to lend $65 million (339.2m) for two wind power projects being built in Peru.

The cash will be used to export wind turbines manufactured in Kansas and Iowa in the US by Siemens Energy. It is expected to support almost 800 jobs in the US.

The Marcona and Tres Hermanas projects, located in the Ica region of southern Peru, will have a combined generating capacity of 129MW.

Fred P. Hochberg, Ex-Im Bank Chairman and President said: “This financing helps ensure that the turbines helping to power Peru are made here in the US by American workers, rather than in a competing country.”