Gamesa named exporter of the year by Export-Import Bank of the US

Gamesa has been named exporter of the year in the renewable energy category by Export-Import (Ex-Im) Bank of the US during this financial institution’s annual conference, which took place today in Washington DC. This is the second time the company receives this award, having already won it in 2011.

“We are delighted to win this Export-Import Bank prize for the second time”, said Borja Negro, CEO of Gamesa North America. “This institution’s financing has been very important to the company’s export drive in the US, particularly its Latin American export effort. Our ability to supply turbines to projects such as the Orosí development (Costa Rica) has enabled us and our suppliers to tap new avenues for growth, despite the regulatory uncertainty prevailing in the US market”.

In 2013, Gamesa agreed to supply 25 of its G87-2.0 MW turbines to the Orosí wind farm, thanks to multilateral financing extended by Ex-Im Bank, FMO (the Dutch development bank) and BICSA (a Costa Rican financial institution). The company also received financing from Ex-Im Bank for the installation of 24 MW at the Cerro de Hula II wind farm in Honduras.

Gamesa boasts a solid and competitive local supply chain in the US, which has enabled it to supply some of the most important turbine parts (blades and tower shafts) locally. This not only enables it to remain competitive in this market, but also to tap financing on highly attractive terms, such as those offered by Ex-Im Bank.