US$692mil loan secured to finance region’s largest wind farm in Laos

VIENTIANE (Vientiane Times/Asia News Network): A developer has signed a US$692 million loan agreement to finance the 600MW “Monsoon Wind Power Project” in Laos, the largest in South-East Asia, according to media reports.

Thailand-based Impact Electrons Siam Limited (IES), Asia-Pacific’s leading renewable energy solutions provider, as the developer of the project known as Monsoon Wind and other shareholders recently inked the non-recourse financing agreement with the Asian Development Bank (ADB) as the lead arranger of the loan.