March 4 (SeeNews) - Italian renewable energy company Enel Green Power SpA (BIT:EGPW) said Wednesday it has connected to the grid the 102-MW Sureste I-Phase II wind farm in Mexico's southern Oaxaca state.
The company installed 34 turbines of 3 MW each, able to produce 390 GWh a year. It has a 20-year power purchase agreement for the wind farm from a public tender held by state-owned utility Comision Federal de Electricidad (CFE).
The investment stood at nearly USD 160 million (EUR 143.8m), part of which was financed with a loan from local banking group BBVA Bancomer.
With the new plant, Enel Green Power's installed capacity in Mexico rose to 399 MW, including wind power and 53 MW of hydro plants. In October 2014, the company connected to the grid its 100-MW Dominica I wind farm in the state of San Luis Potosi.
(USD 1 = EUR 0.899)