MEGA-MEGAWATTS OF MEXICAN WIND FUNDED

Ten entities finance Acciona's Eurus wind farm in Mexico with USD375m
10 de Junio de 2010 (Regulacion Eolica con Vehiculos Electricos)

"Acciona Energy was recently granted the construction and operation of another three wind farms in the state of Oaxaca (Mexico) with a total capacity of 306 MW and an investment of around 450 million euros [~562 million dollars]...

"[The construction of the wind farms, located near the Eurus facility, will begin in the second semester of 2010 and they will all be in commercial operation by December 2011...They will use 1.5 MW Acciona turbines. The projects will consolidate Acciona’s wind energy leadership in Mexico and guarantee profitability in a country that is considered a priority in Acciona’s recent Strategic Plan.]"

Move Iberdrola to the top of the list. (click to enlarge)

"Ten financial entities, mostly linked to global or regional public institutions -some of them specifically oriented to supporting sustainable projects in developing countries- signed financing agreements for Acciona's Eurus wind power park in Mexico. The credit deals signed by the different entities total 375 million dollars (314 million euros at the current exchange rate), making it the biggest credit deal ever signed in Latin America for a renewable energy facility.

"The Eurus wind farm in the state of Oaxaca, with 250.5 MW already in service, has the highest installed capacity in Latin America and is the biggest built by Acciona in the world...Its production will cover up to 25% of the electricity supply needs of the cement plants of Cemex in Mexico. The wind farm's renewable production will avoid the emission of around 600,000 tonnes of CO2 to the atmosphere a year."

The immense potential of Oaxaca's isthmus will power Mexico into the New Energy era. (click to enlarge)

"The financing agreements for the windpark were signed by global and regional entities...The total sum financed, the country in which the funds are materialized and the type of entities participating in the operation make this a singular agreement, in line with the new financing scenarios for this type of installation in developing countries...[It] is part of the objective of the Mexican Government to diversify its energy mix and reduce the country's emissions of greenhouse gases.

"This strategy - which includes the approval of a Special Program for the Exploitation of Renewable Energy Sources and a Special Program on Climate Change in November 2008 - expects to make a contribution to the objectives proposed by President Calderón of reducing CO2 emissions by 50% in 2050 against the level
recorded in 2000..."