AEI subsidiary gets $45 million loan to fund Nicaraguan wind project

By Lisa Kerner

Charlotte, N.C., Nov. 12 - AEI, Centrans Energy Services, Inc. and Energia Eolica de Nicaragua SA said their subsidiary Consorcio Eolico Amayo (Fase II) SA will use a $3 million mezzanine loan to help fund its second phase-wind project in Nicaragua.

Access to Energy Fund, managed by the Netherlands Development Finance Co. (FMO), provided the mezzanine loan, a company news release said.

The mezzanine loan is part of a $45 million 15-year term loan arranged by the FMO and the Central American Bank for Economic Integration (Cabei).

Senior loan participants include FMO, Cabei, the Danish Export Credit Agency and the Belgian Investment Co. for Developing Countries.

The Amayo II wind project is comprised of 11 wind turbines and is capable of producing 23.1 megawatts of electricity.

"This financing enables the continued expansion of AEI's wind-generated power portfolio and further demonstrates the financial market's appetite for well-structured projects in Central America," AEI chief executive officer Jim Hughes said in the release.

Houston-based AEI owns and operates energy infrastructure businesses in emerging markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.