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LAC WIND


San Marcos Wind Farm in Honduras and subsequent expansion


SAN MARCOS WIND FARM


OPEC FUND FINANCING: US$15 MILLION (PRIVATE SECTOR) TOTAL PROJECT COST: US$170 MILLION APPROVED: SEPTEMBER 2013 CO-FINANCIERS: FMO, ICCF, DEG, PROPARCO


SAN MARCOS WIND FARM EXPANSION


OPEC FUND FINANCING: US$5 MILLION TOTAL PROJECT COST: US$25.3 MILLION APPROVED: MARCH 2017 CO-FINANCIERS: DEG, FMO, PROPARCO


In 2013, the OPEC Fund supported the construction of the San Marcos wind farm in Honduras with a US$15 million loan. The 50 MW wind power facility is located in the municipality of San Marcos de Colón, 140 km south of the Honduran capital Tegucigalpa and close to the border with Nicaragua. Completed in 2015, the San Marcos Wind Farm replaced ageing and inefficient plants and helped reduce energy imports. In 2017, the OPEC Fund extended a second loan for this project in the amount of US$5 million to help finance an additional 13.2 MW. The expansion is expected to increase the annual energy production by up to seven percent.


HONDURAS Tegucigalpa


(recent examples only) Regional distribution: US$247.7 million


12


PHOTO: OPEC Fund/Saud Al Rajhi


Anton Shahrai/Shutterstock.com


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