IDB provides loan for wind farm in Mexico's Oaxaca region

The Inter-American Development Bank (IDB) has approved a loan of up to $76m to Impulsora Nacional de Electricidad to support its investment in the 74MW Bii Nee Stipa II wind farm in the Isthmus of Tehuantepec, in the Mexican State of Oaxaca.

The project supports growing efforts by Mexico to harness wind energy in the “La Ventosa” region of Oaxaca – one of the world’s best regions for wind resources – and to reduce its reliance on fossil fuels.

Currently, 75% of Mexico’s 60GW of total installed electricity generation capacity is based on fossil fuels, according to the IDB.

“This project will contribute to Mexico’s goal of reducing its greenhouse gas emissions [by] 50% by 2020,” says Brian Blakely, project team leader at the IDB’s Structured and Corporate Finance Department.

Bii Nee Stipa II, the fourth…

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