El Mezquite Wind Farm

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The project involves the construction and operation of a 250-MW wind power plant located in Nuevo Leon, Mexico. The project is being developed by Cubico Sustainable Investments (“Cubico”). This is a greenfield project that will benefit from a long term PPA awarded in Mexico’s second long-term electricity auction in September 2016. El Mezquite wind project will be financed by the North American Development Bank and the Mexican development banks, Bancomext and Banobras. The total amount of non-recourse project finance debt raised is $220 million in equal split between the three lenders. The loan has a tenor of 20 years. Along with the project financing, Cubico will invest its own resources (equity contribution) to the project amounting to $112 million for a debt to equity ratio of 66:34. Financial close was achieved on 8th of August 2017. http://www.cubicoinvest.com/media/49919/Press-Release-Cubico-Mexico-Financial-Closing.pdf https://ijglobal.com/data/transaction/38825/el-mezquite-wind-farm-250mw https://www.bnamericas.com/project-profile/en/parque-eolico-el-mezquite-el-mezquite Cubico Sustainable Investments to be added to sponsors list - http://www.cubicoinvest.com/