Truepower wins Mexico advisory deal

Renewable energy consulting firm AWS Truepower will act as independent engineer to support financing and construction of the 252MW Ventika I and Ventika II wind projects in Mexico.

The company did not divulge financial or other terms of the contract.

AWS Truepower provided lender support to a consortium of banks that are helping finance the $650m project that CEMEX and Fisterra Energy will develop.

It acted as the energy consultant and engineer in the debt financing for the project, and is providing construction monitoring on behalf of the lenders and project sponsors through to substantial completion.

Both wind farms are due to enter commercial operation in second quarter 2016.

Ventika I and Ventika II projects will utilize 84 Acciona AW 3000 3MW wind turbines.

Mexico aims to obtain 35% of total energy generation from renewable resources.