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
