Private equity and infrastructure investment firm First Reserve is partnering with Mexico Power Group (MPG) to build the 130MW La Bufa wind farm in Zacatecas in Mexico.
Construction of the project has already started and it is scheduled to start operations in early 2017.
Electricity generated by La Bufa will be sold under an off take agreement to Volkswagen de México.
MPG is building the facility in partnership with Cannon Power Group and Gamesa, which is supplying the turbines.
Finance is being provided by Sumitomo Mitsui Banking Corp, Korean Development Bank, Nacional Financiera and Bancomext.
First Reserve managing director and head of infrastructure funds Mark Florian said: “We are pleased to be entering into long-term partnerships with world-class organizations including MPG, Volkswagen de México and Gamesa to build the first wind farm in this region.
“We expect this project may be the first in a platform of wind power opportunities with MPG, and we are excited to be enhancing the renewable footprint of both Volkswagen de México and the country of Mexico.”
Image: Morgue File
