The Latin American Wind Energy Association (LAWEA) has reported that the IDB has approved a loan of up to approximately $80 million to help finance the construction of a 396-MW wind farm in Mexico comprising 132 3-MW wind turbines. It is reported that the wind farm will be the largest in Mexico and one of the largest in Latin America.
The project will be located in the La Ventosa region of Oaxaca and will supply energy to subsidiaries and affiliates of "Fomento Economico Mexicano" and "Cerveceria Cuauhtemoc Moctezuma" under self-supply agreements.
The project will also include the construction of a 52-km transmission line linking the wind farm to the electric grid. The IDB loan, which does not carry a sovereign guarantee, will be granted to Mareña Renovables Capital, controlled by Macquarie Mexican Infrastructure Fund and other investors.
Elsewhere in Latin America, LAWEA has also announced that the IDB has approved further financing for the roll-out of 546 MW of wind energy capacity across Latin America.
The $ 150 million loan will be used by the Argentinean company, IMPSA, to finance its Latin America wind energy investment plan through its Brazilian subsidiary, Wind Power Energía S.A.
The funding will be used to support the construction of an estimated four wind farms – three in Brazil and one in Uruguay – which will add 546MW of wind energy capacity in the region by 2014.
The IDB will also provide IMPSA with technical assistance to conduct an energy efficiency audit in its primary hydro and wind turbine manufacturing plant.
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