With the payment delays and lowered rates, executives of the biggest US wind investment, EuroCape Energy, are talking to lawyers specialized in political risk insurance, two other foreign investors in wind energy tell the UBN. In 2019, the US Overseas Private Investment Corporation, now called the International Development Finance Corporation, provided a $150 million loan for the first phase of what was to be a 500 mw Zaporizhia Wind Farm. With 100 mw commissioned, the lowered rates undermine the project’s profitability. Invoking the political risk insurance clause would probably freeze new DFC lending to Ukraine.
With the payment delays and lowered rates, executives of the biggest US wind investment, EuroCape Energy, are talking to lawyers specialized in political risk insurance
