EDF EN closes financing for La Mata La Ventosa wind farm in Mexico

This project finance deal is comprised of a long-term debt financing from the Export-Import Bank of the United States, IFC, a member of the World Bank Group, the Inter-American Development Bank, and IFC as implementing entity of the Clean Technology Fund. IFC also provided interest rate and cross currency hedge arrangements into pesos. The wind power project financing for the wind farm has a 14 year term and amounts to a total of 1,772 Million pesos (approximately 107.3 million Euros).

“La Mata La Ventosa wind farm is located in southern Mexico in the Tehuantepec Isthmus, one of the best wind resources areas, and comprises 27 Clipper wind turbines”, explained Fabienne Demol Head of New Business Development at EDF Energies Nouvelles. “The electricity generated is entirely consumed by Walmart de México, with whom a 15-year electricity self supply agreement was signed. This project demonstrates our ability to develop competitive wind energy solutions.”

Developed and built by Eléctrica del Valle de Mexico, a company wholly owned by the EDF EN group, La Mata La Ventosa wind farm was commissioned earlier in 2010.

With operations in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production. With a development focused on wind power for several years and more recently on solar photovoltaic, the Group is also present in other segments of the renewable energies market: small hydro, marine energy, biomass, biofuel and biogas.