North American Development Bank funds 252MW in Mexico

MEXICO: The North American Development Bank (NADB) is funding two wind farms in Mexico with a combined capacity of 252MW.

by Patrick Smith 16 April 2014

Acciona will install its 3MW turbines on both projects

The Ventika and Ventika II projects are being developed by energy company Spanish Fisterra Energy in the state of Nuevo Leon, north-east Mexico.

NADB has now begun disbursement of two loans totalling $140 million, allowing construction to start later this year. Commissioning is due in 2016.

The projects are to be constructed by Acciona Energia, which will install its 3MW AW116/3000 turbines, with rotor diameters of 116 metres, mounted on 120-metre concrete towers.

At the time of the announcement of the turbine purchase, Acciona said that the total investment associated with the two projects is around $650 million.

Fisterra is a Spain-based energy company owned by Blackstone, Cemex and private investors.