New wind farm starts in Northern Mexico

Eolica Santa Catarina said its $51 million wind farm in the northern Mexican state of Nuevo Leon started operating.

The wind power plant, which has the capacity to generate 45 GW annually of electricity, uses state-of-the-art General Electric wind turbines.
The wind farm will supply electricity to six cities, including the industrial center of Monterrey, in Nuevo Leon, providing annual fuel savings of 15 million pesos ($1.13 million).

Foreign trade bank Bancomext provided $36 million in financing for the project, with the remaining $15 million provided by consortium partners Comexhidro Viento and NextEnergy of Mexico, and U.S.-based Conduit Capital.