Quick Facts

Where the impacts of the investment may be experienced.
  • Costa Rica
Location: Guanacaste
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-04-13
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Globeleq MesoAmerica
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 11.24 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 102.18 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-07-25

Project Description
FROM FMO: "FUNDING OBJECTIVE The investment is to develop, construct, and operate four 20MW wind projects each held in a separate across two locations in Guanacaste Province in Costa Rica. WHO IS OUR CLIENT GME (Globeleq MesoAmerica ) is a joint venture between GGL (Globeleq Generation Ltd) and MesoAmerica Power. It is an experienced power company active in emerging markets both in Latin America and in Africa. WHY WE FUND THIS PROJECT The project will provide additional clean and reliable energy to the country. Through the provision of a 18 years tenor instrument that is not yet available in the market, FMO supports bankability of the project."
Investment Description
The FMO will be investing USD 11.24 million in this project. This is in addition to the USD 90.94 million the bank invested in October 30 2015.
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands