The total estimated cost of the wind power facility amounted to 1,200 million dollars and will be funded with a contribution of 850 million from a group of Mexican banks and commercial development. Once operational, Mareña Renewable provide 86% of their generation to Femsa, the beverage company in Latin America Latin America’s largest, and the rest to the local brewery Cuauhtemoc Moctezuma.
The wind energy project is already reserved transmission capacity with the power company CFE in an open season bidding. The capacity was originally reserved for the Spanish Preneal, who sold his wind farm projects to FIMM Isthmian Alternative Energy and Wind Energy Mareña in late March for $89 million. Preneal still has a 100 MW wind power project under development in the Mexican state of Zacatecas. Australian investment bank Macquarie FIMM launched in January 2010 with 5,200 million dollars in initial investment commitments.
By José Santamarta, www.evwind.com
