US ExIm Bank Funds Siemens Nacelles

01 Sep 2014 11:49 AM | Anonymous

Original news was published on 28 August, 2014

Wind components will be exported to Peru

Siemens Energy has secured nearly US$65 million in financing from the U.S. Export-Import Bank to manufacture wind turbine nacelles and blades for a project in Peru.

The wind turbines will be installed at the Marcona wind farm and the Tres Hermanas wind project in southern Peru for a combined generating capacity of 129 megawatts. The nacelles will be made at Siemens’ plant in Hutchinson, Kan., while the blades will be manufactured in Fort Madison, Iowa.

The financing represents Ex-Im Bank’s first renewable-energy transactions in Peru, the bank said in a statement.

“These transactions reflect our continued commitment to increasing U.S. renewable energy exports while supporting good-paying jobs here at home,” said Ex-Im Bank chairman and president Fred P. Hochberg.

In fiscal year 2013, Ex-Im Bank authorized US$257 million to support renewable energy exports, primarily to Central and Latin America. The news comes at a time when the future of the ExIm Bank is uncertain. Legislators will vote on its reauthorization at the end of September.

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