The transaction also marks the Export-Import Bank’s first project financing for wind power. The project owner is Electrica del Valle de Mexico, a subsidiary of EDF Energies Nouvelles.
The financing provides funding for 67.5MW of Clipper Liberty 2.5MW wind turbines. Once installed at the project site in La Ventosa, within the Istmo region in the State of Oaxaca, Mexico, the 27 Liberty wind turbines will supply clean, renewable power to establishments owned by subsidiaries of Wal-Mart de Mexico.
Doug Pertz, president and CEO of Clipper, said: “We are delighted to see the Liberty turbine being recognized by a growing number of financial institutions. We view this financing as a very positive indication of the growing acceptance in the reliability and performance of the Liberty wind turbine. It is also exciting to see the Liberty turbine taking the lead in an important emerging market.”
