Nicaragua secures MIGA’s first ever wind farm guarantee

Nicaragua’s Molina & Asociados Central Law and the New York office of Clifford Chance LLP have helped US energy company Globeleq Mesoamerica Energy secure financing worth US$91.5 million from a consortium of European development banks for a new wind farm in Nicaragua - a deal that the saw the World Bank’s political risk insurance arm, the Multilateral Investment Guarantee Agency (MIGA), guarantee a wind farm project for the first time.

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