11153Latin America Report: 396-MW Mexico Wind Deal Gets Financing
- Mar 2, 2012
The 396-megawatt project is in the Isthmus of Tehuantepec in the state of Oaxaca, where wind speeds are known to average 8.5 meters per second.
The development is expected to begin construction in March after the recent completion of a $682 million financing deal. The financing is being provided by a syndicate of commercial banks and development banks. Once completed, the project is expected to be the biggest single stage wind farm in Latin America. Vestas Mexico subsidiary will complete the engineering, procurement, construction and commissioning of the project, and will supply 132 of the company 3-MW wind turbines.
According to figures maintained by the Global Wind Energy Council, the size of the project is larger than the 316 MW installed in all of 2010.
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