Vestas named supplier for Mexico wind farm

Vestas can confirm that negotiations between the consortium behind the wind energy project and Vestas are ongoing, but Vestas has not yet received a firm and unconditional order for wind power the project. If the negotiations between the consortium and Vestas will result in a firm and unconditional order, Vestas will make a company announcement immediately thereafter.

Vestas, the world’s largest wind turbine maker, is to supply wind turbines to a Mexican wind energy development with total capacity of 396 megawatts.

The wind power project is owned by a consortium made up of two units of Australian investment bank Macquarie Group and Mexican beverage and retail company FEMSA. "The consortium has contracted Vestas WTG Mexico, S.A. de C.V., a subsidiary of Vestas Wind Systems A/S (…), to complete the engineering, procurement and construction of the wind farm, including the supply of 132 Vestas V90-3.0 MW wind turbines," Macquarie Mexican Infrastructure Fund (MMIF) said.

The wind farm is a 396 MW late-stage wind energy project in the south-eastern region of the state of Oaxaca, MMIF said. The consortium comprises MMIF with a 32.5 percent interest, FEMSA with a 45.0 percent stake and Macquarie Capital with the remaining 22.5 percent, it said.

MMIF said that the partnership had acquired the project in a deal with a total enterprise value of about $89 million. Subsidiaries of FEMSA and a Mexican unit of Dutch brewer Heineken N.V. will buy power output from the project under 20-year power purchase agreements, MMIF said.