Iberdrola, a spanish utility, has announced the development of a 220 MW wind farm located in Puebla state, Mexico.
The facility will help meet the energy needs of Mexican brewer Grupo Modelo. The companies signed a 15-year power purchase agreement for the supply of renewable energy of the farm.
Covering an area of 100 ha, the wind farm will require a total investment of US$300 million and will comprise 84 wind turbines. The plant's generation capacity would be approximately 490 GWh per year. It is expected to be finished and connected to the grid by 2019.
AB InBev, Grupo Modelo's Belgian parent, will achieve its goal of having 100% of its energy consumption met with green sources by 2025, thanks to this project among others. Iberdrola currently has 365 MW of operational wind parks in its Mexican portfolio.
Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).
Read moreInternational lenders have announced the US$535 million permanent financing for a 380-mile natural gas pipeline running between Samalayuca, Chihuahua and Sásabe, Sonora.
Read moreThe Puerto Libertad photovoltaic plant in the State of Sonora (México) will see its capacity increased by 50% to 339 MWp.
Read moreCAAAPITAL and Shanghai Ventures, through its structuring and commercial partner, Intelegis, are announcing the launch of DG Energy Capital, a Private Equity fund that will provide innovative financial solutions for developers in Mexico’s distributed solar generation market.
Read moreLatin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
Read more