OPIC’s Board of Directors met June 13 and approved the following projects:
- Financing to support the construction of two solar power plants in Chile’s Atacama Desert, by Amanecer SpA and San Andres SpA of Chile, together with the U.S. project sponsor, SunEdison Inc. of St. Peters, Missouri. The projects will help Chile diversify its energy sources beyond hydro, gas and coal and supports a 2008 initiative by the government of Chile to foster the development of more renewable sources of energy. Additional approvals are pending.
- Financing of up to $96 million for the construction of a 50 megawatt wind farm in northeastern Uruguay by Estrellada SA, the Uruguayan subsidiary Juwi AG; and Nordex USA Inc. The planned wind farm will use wind turbines manufactured in the U.S., and will help the country diversify away from hydroelectric power and fossil fuels.
- Financing of up to $250 million to a new academic health sciences center in Malaysia that includes The Johns Hopkins University for the country’s first fully-integrated private medical school, teaching hospital and research center.