US Ex-Im Bank loans $65 million for Peru projects

PERU: The Export-Import Bank of the United States (Ex-Im Bank) has loaned $65 million to Siemens Energy for the delivery of turbines to two projects in Peru, with a total capacity of 129MW.

by David Weston 26 August 2014

Siemens' SWT-108 turbine will be used at the projects

The loan will allow Siemens to ship the turbines to the Marcona and Tres Hermanas projects, being developed by Cobra Energia.

The German manufacturer is producing the projects' turbine nacelles and blades at its Kansas and Iowa facilities in the US. The bank estimates a total of 800 jobs in the two states will be supported as a result of the loan.

It is the first time the Ex-Im Bank has supported a renewable energy project in Peru.

Repayment of the loans for will take place over 17 years and 16 years for the Marcona and Tres Hermanas projects respectively.

The developments are located near the city of Ica, in southern Peru and use a mixture of Siemens' 2.3MW and 3MW SWT-108 turbines.