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OPIC mulling financial support for 200-MW wind farm in Mexico

Wind turbines in Mexico. Author: Presidencia de la Rep├║blica Mexicana.

July 15 (Renewables Now) - The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, signed last week letters of interest to mobilise public and private financial support to energy projects in Mexico’s Oaxaca state.

The US Embassy in Mexico informed last Wednesday that one of these projects would be a 200-MW wind farm that will require an investment of USD 320 million (EUR 283.6m). OPIC will consider providing a USD-240-million loan for the construction of the wind farm, pending the agency’s comprehensive review process.

Since 2006, OPIC has supported projects in Mexico with more than USD 1 billion of mobilised capital.

(USD 1.0 = EUR 0.89)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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