Wind farm in Mexico. Author: Presidencia de la República Mexicana. License: Creative Commons, Attribution 2.0 Generic
Enel Green Power Mexico will be supplying wind power to local offices of banking and financial services company HSBC (LON:HSBA) under a newly agreed 10-year power purchase agreement (PPA).
The Mexican renewables unit of Enel SpA (BIT:ENEL) said Wednesday the contract is for 50 GWh per year, which would be enough to cover nearly 50% of the power needs of HSBC Mexico’s corporate and branch offices.
Power supply will start in the second half of 2017. The electricity will come from the 200-MW Dominica wind farm in the state of San Luis Potosi.
Enel currently has 446 MW of operational wind power capacity in Mexico and 229 MW under construction. The company is nearing the start of construction of 1 GW of solar capacity in Coahuila and Guanajuato, while last month it also secured a 15-year power supply deal in Mexico’s latest energy auction for a 93-MW wind farm in Tamaulipas.