396 MW Mexican Wind Farm Nets Financing

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The Inter-American Development Bank (IDB) has approved a loan of up to 1.1 billion Mexican pesos (approximately $72 million) to help finance the construction of a 396 MW wind farm in Mexico.

The project will be located in the La Ventosa region of Oaxaca, Mexico, and will supply energy to subsidiaries and affiliates of Fomento Economico Mexicano and Cerveceria Cuauhtemoc Moctezuma under 33 self-supply agreements.

The project will also include the construction of a 52 km transmission line linking the wind farm with the electric grid. The IDB loan, which does not carry a sovereign guarantee, will be granted to Mareña Renovables Capital, controlled by Macquarie Mexican Infrastructure Fund and other investors.

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