The North American Development Bank and Mexico’s Grupo Financiero Banorte have lent $51 million to wind developer Compañía Eólica de Tamaulipas S.A. de C.V. (CETSA)for construction of a 54 MW facility on the farm cooperative known as Ejido El Porvenir in Reynosa, Tamaulipas.
The project consists of the installation of 30 wind turbines, each with a nominal capacity of 1.8 MW, which will be provided by the Danish company Vestas.
The Mexican retailer Organización Soriana will purchase the electricity produced by the wind farm through a long-term power purchase agreement.
“This electricity will be used by Soriana to supply 163 stores throughout Mexico, which represents the displacement of 100,00 tons of carbon dioxide a year, equivalent to taking 29,000 cars a year out of circulation,” said Aurelio Adán Hernández, Soriana Chief Financial Officer. “Construction is scheduled to begin during the first quarter of this year and is estimated to cost more than $130 million.”