Dev banks in Mexico finance nearly 1 GW of wind, solar projects

Wind farm. Author: Edgar Weber. License: Creative Commons, Attribution 2.0 Generic.

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.

Project MW Owner
Reynosa III Wind 424 Zuma Energia
Mezquite Wind 250 Cubico Sustainable
Solem Solar 290

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)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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