Working alongside GEMEX, Mexican retailer Organizacion Soriana says it will build two wind farms in the Guemez and Tamaulipas regions, representing a total investment of more than $130 million per project.
The wind farms will be financed with loan funds from the North American Development Bank and the Mexican commercial bank, BANORTE, as well as equity investments from GEMEX.
The La Mesa Wind Farm will be developed on 1,366 acres, while the Victoria Wind Farm will be built on approximately 1,730 acres. Each project consists of 15 turbines with a total installed generation capacity of 49.5 MW and is expected to produce an estimated 181 GWh of electricity annually, which will be consumed by Soriana for 20 years as part of an agreement to supply sustainable energy to 311 of its stores.
