Aug 9 (Renewables Now) - The Mexican Secretariat of Energy (SENER) announced on Tuesday the country's development banks will help finance nearly a gigawatt of wind and solar projects.
The National Bank of Foreign Trade (Bancomext), the Nacional Financiera (Nafin) and the National Bank for Public Works and Services (Banobras) have provided financing for three projects, winners of the country's second long-term electricity auction in September 2016.
Details on the projects are in the table.
|Reynosa III Wind||424||Zuma Energia|
|Mezquite Wind||250||Cubico Sustainable
Cubico said in a separate statement today that it has achieved financial closing for the two renewable energy projects after raising USD 450 million in debt.
Overall, USD 4 billion were secured at the September tender, with 1.1 GW of combined capacity.
(USD 1 = EUR 0.854)