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Mexico's Eolica Vicente Guerrero places order with Vestas for 118 MW of wind turbines

Calgary (Platts)--28 Dec 2017 600 pm EST/2300 GMT


Mexico's Eolica Vincente Guerrero has placed an order with Denmark's Vestas for turbines with a combined capacity of 118 MW for its Vicente Guerrero wind park in the northeastern state of Tamaulipas.

The purchase order is for 33 wind turbines with an optimized capacity of up to 3.6 MW, Vestas said in a statement Wednesday.

The cost of the project is $236 million, according to the generation permit granted by Mexico's Energy Regulatory Commission (CRE) in 2012.

Eolica Vicente Guerrero is a holding company jointly owned by Mexico's Grupo Energia Mexico (GEMEX) and Spain's Audax Renovables Group, formerly Fersa Energias Renovables.

According to a loan application report from GEMEX to the North American Development Bank, the project is expected to be operational no later than June 2018.

The project will be built in the municipality of Guemez, 30 km east of Ciudad Victoria, and it is expected to produce 452 GWh/year, according to the loan report.

The wind farm has a power purchase agreement (PPA) with an undisclosed client, the loan report shows.

GEMEX has also developed two wind projects in Guemez, the Victoria wind park and La Mesa wind park, each has a capacity of 50 MW and cost $105 million to build.

Both projects began operating in September 2017 and were financed by the North American Development Bank and Financial Group Banorte.

Victoria and La Mesa supply energy to Mexican supermarket chain Grupo Soriana under a 20-year PPA, according to documents from the retailer.

GEMEX also acquired wind turbines from Vestas to develop both projects.

According to Vestas, with the Vicente Guerrero contract, the Danish company has sold over 700 MW of wind projects in Mexico in 2017.

Vestas has sold a combined 1 GW of wind turbines currently under construction or installed in Tamaulipas alone.

This includes Mexico's largest wind project, Zuma Energia's 424-MW Reynosa wind farm, which is expected to be operational by the end of 2018.

--Daniel Rodriguez, newsdesk@spglobal.com --Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com




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