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Cerro de Hula, Honduras 

Cerro de Hula: In May of 2005, Mesoamerica Energy acquired the development rights to a 60MW wind project from Enron Wind, and has since expanded the development to 100MW. The project is located in Honduras, in the municipalities of Santa Ana and San Buenaventura, 20km south of Tegucigalpa. The wind resource at the site is well measured (9 years of wind data) and the company has all of the required development permits. Mesoamerica Energy executed a PPA for 100MW with ENEE on October 1st, 2008, and plans to begin construction in 2009. 

Sponsors

Project Company

Energía Eólica de Honduras, S.A. de c.f. (EEHSA), a fully owned indirect subsidiary of Mesoamerica Energy.

Investors

Mesoamerica Energy is backed by prominent Central American families / individuals, including investors from the banking, airlines, cement, agribusiness, industrial and services sectors. There is no need for additional equity for the project.

Mesoamerica Energy was created and is managed by Mesoamerica Investments (www.mesoamerica.com), a regional leader in investment banking services including M&A Advisory, Strategy Consulting and Private Equity practices.

Experience

Mesoamerica Energy owns and operates a 23 MW wind generation facility in Costa Rica that has been in operation since 1996 (PESRL).  PESRL has been operating with capacity factors above 40%, and maintaining availability above 95% under one of the most aggressive wind regimes in the world.

Members of the management team have participated in the construction and installation of over 600 MW and 2,500 wind turbines in more than six countries. The financial experience of the team includes more than $3 billion in capital / debt raising for energy projects, $750 million of which were debt transactions in Latin America.  

 
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