IDB backs Mexico's largest wind project with $72m loan

An existing wind farm in Oaxaca, said to have some of the world's best resources

An existing wind farm in Oaxaca, said to have some of the world's best resources

The Inter-American Development Bank (IDB) is backing construction of what will be Mexico’s largest wind farm with up to $72m of loan finance.

The IDB will release the money to Mareña Renovables Capital, the consortium developing the 396MW project in the La Ventosa region of Mexico’s Oaxaca state.

The work will include construction of a 52km transmission line to link the site with Mexico’s grid.

The wind farm is due to supply some of its output to plants operated by beer producers Femsa and CCM-Heineken under power-purchase agreements.

The IDB gives no details of schedules for the project, which has been under development since 2003.

The Mareña Renovables consortium is led by Australia’s Macquarie Log in to read complete article.

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