OeEB contributes USD 13.125 million to FMO's USD 149 million financing for the construction of an 80 MW wind farm in Costa Rica.
Costa Rica's energy supply is based almost exclusively on renewable energy. However, since more than half of the electricity is produced from hydropower, this often results in power outages and thus a high dependence on energy imports during the dry season.
In order to diversify the energy mix, the Costa Rican Government focuses on wind energy to complement the country's hydro-based energy generation.
The 80 MW wind farm project co-financed, among others, by OeEB and Oikocredit will be located in the province of Guanacaste in the northwest of Costa Rica and will support the energy supply during the dry season. This helps secure the country’s energy supply, reduce its dependence on energy imports and support the country's economic development.
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