Close

IDB approves $72m loan for 396MW wind farm in US

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

SDIC Power Plans UK’s Largest Wind Turbines at Inch Cape

A Chinese state-owned enterprise is preparing to install the...

Envision Energy Unveils Smart Two-Blade Wind Turbine Design

China’s Envision Energy has achieved a major engineering milestone...

Canada Identifies First Four Offshore Wind Energy Areas

Canada has officially designated its first four offshore wind...

EU Approves €11B for French Offshore Wind Projects Expansion

The European Commission has cleared an €11 billion support...
The Inter-American Development Bank (IDB) has finalized a $72m loan to help finance the construction of a 396MW wind farm in Oaxaca, in the US state of Mexico.

The IDB support will allow Mareia Renovables to build the wind power project using 132 towers with turbines and include the construction of a 52km transmission line linking the farm with the electricity grid. The wind farm will supply energy to subsidiaries and affiliates of Fomento Economico Mexicano and Cerveceria Cuauhtemoc Moctezuma under 33 self-supply agreements, helping the beverage companies save an estimated 10% of their total energy costs.

IDB Structured and Corporate Finance Department project team leader Jeff Easum said this operation, given the size of the project, is a significant step in the development of viable renewable energy projects in Latin America. The project, is expected to reduce emissions by nearly one million metric tons of carbon dioxide annually.

 

Latest stories

Related stories

SDIC Power Plans UK’s Largest Wind Turbines at Inch Cape

A Chinese state-owned enterprise is preparing to install the...

Envision Energy Unveils Smart Two-Blade Wind Turbine Design

China’s Envision Energy has achieved a major engineering milestone...

Canada Identifies First Four Offshore Wind Energy Areas

Canada has officially designated its first four offshore wind...

EU Approves €11B for French Offshore Wind Projects Expansion

The European Commission has cleared an €11 billion support...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back