Grupo Terra Receives $127.5 Million Loan for Honduras Wind Farm

The wind energy project uses 25 wind turbines from Gamesa.

Grupo Terra, a closely-held Honduras investment company, received $127.5 million from five international lenders to build the nation’s second-biggest wind farm.

The 50-megawatt San Marcos wind power project under construction in southwest Honduras is expected to start producing power by early 2015, according to a statement on the website of Dutch development bank FMO, which provided part of the loans.

The other lenders were Germany’s KfW Group, France’s Agence Francaise de Developpement, the OPEC Fund for International Development and the World Bank’s Interact Climate Change Facility.