Consorcio Eolico Amayo (Phase II), a subsidiary of AEI, Centrans Energy Services and Energia Eolica de Nicaragua, has closed a long-term, non-recourse project financing for its second phase wind project in Nicaragua.

The $45m loan facility is a 15-year term loan arranged by the Netherlands Development Finance Company (FMO) and the Central American Bank for Economic Integration (CABEI).

The facility consists of a $42m Senior Loan and remaining Mezzanine Loan.

The 23.1MW Amayo II wind project is comprised of 11 units of Suzlon S88-50HZ 2.1MW wind turbine.

Combined with the Amayo I wind project, the two phases have a total capacity of 63MW.

The projects are located in Rivas, a prime wind location with access to transmission lines along the southwest Pacific coast of Nicaragua.

Output for both phases is fully contracted under long-term, 15-year PPAs with local power distribution companies Dissur and Disnorte.