February 7, 2014 by Catracha Hondurena No Comments
The Multilateral Investment Guarantee Agency (MIGA) will back investors against risks to the 24MW extension project, which will take Honduras’biggest wind farm to 126MW.
Cerro de Hula, owned by Globeleq Mesoamérica Energy, is adding 12 Gamesa 2MW machines to its array 20km south of Tegucigalpa.
New and existing equity investments in the project are covered by the MIGA guarantee against risks including of expropriation, breach of contract, war and civil disturbance.
Mikael Karlsson, CEO of Globeleq, said: “MIGA’s insurance gives us added comfort in our decision to expand our wind-power investment in a Honduras.
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