Wind Energy

Vestas named supplier for Mexico wind farm

Vestas can confirm that negotiations between the consortium behind the wind energy project and Vestas are ongoing, but Vestas has not yet received a firm and unconditional order for wind power the project. If the negotiations between the consortium and Vestas will result in a firm and unconditional order, Vestas will make a company announcement immediately thereafter.

Vestas, the world’s largest wind turbine maker, is to supply wind turbines to a Mexican wind energy development with total capacity of 396 megawatts.

The wind power project is owned by a consortium made up of two units of Australian investment bank Macquarie Group and Mexican beverage and retail company FEMSA. "The consortium has contracted Vestas WTG Mexico, S.A. de C.V., a subsidiary of Vestas Wind Systems A/S (…), to complete the engineering, procurement and construction of the wind farm, including the supply of 132 Vestas V90-3.0 MW wind turbines," Macquarie Mexican Infrastructure Fund (MMIF) said.

The wind farm is a 396 MW late-stage wind energy project in the south-eastern region of the state of Oaxaca, MMIF said. The consortium comprises MMIF with a 32.5 percent interest, FEMSA with a 45.0 percent stake and Macquarie Capital with the remaining 22.5 percent, it said.

MMIF said that the partnership had acquired the project in a deal with a total enterprise value of about $89 million. Subsidiaries of FEMSA and a Mexican unit of Dutch brewer Heineken N.V. will buy power output from the project under 20-year power purchase agreements, MMIF said.

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