Wind power in Mexico: Santander co-invests in SoWiTec’s wind farm projects

Santander Capital Structuring S.A. de C.V. (SCS) and SoWiTec operation GmbH (SoWiTec) have closed a transaction in which each of the parties hold 50% of equity.

SCS has committed to invest up to 100% of the capital required to complete development of a portfolio of four wind energy plants with an aggregate design capacity estimated between 650 MW and 850 MW depending upon the final wind turbines configuration adopted.

All four wind power projects are being developed under the self-supply scheme of the Mexican Public Electricity Service Act. Once development has been completed, the investors will look to sell their participation to a long term investor. The portfolio consists of 160 MW in San Luis Potosi, 200 MW in Nuevo Leon and 340 MW in Coahuila.

By José Santamarta,