Reynosa Wind Farm

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The Reynosa wind farm is located in the northeastern state of Tamaulipas and will have total capacity of 424 MW. It will supply enough electricity to the Mexican national grid to power about 1 million homes and mitigate 739,000 tonnes of carbon dioxide emissions annually. Project is being developed by Zuma Energia which is 80% owned by Actis and 20% by Mesoamerica Investments. Zuma won the contract for the Reynosa farm in Mexico’s second renewable energy auction in 2016. Parque Eólico Reynosa III, S.A.P.I de C.V. is the project company that will lead the project on behalf of the sponsor. The wind farm will require an estimated investment of $740.1 million. In addition to the $615.1 million in project finance raised largely from Mexican development banks - Banobras, Banco Nacional de Comercio Exterior (Bancomext) and Nacional Financiera (Nafin), as well as Santander, Actis and Mesoamerica have put in $125 million in equity. Financial closure was reached in August 2017. Reynosa plant will be up and running by the end of 2018. http://www.power-technology.com/news/newsacciona-to-develop-424mw-wind-farm-in-reynosa-mexico-5899362/ https://www.bnamericas.com/project-profile/en/parque-eolico-reynosa-nuevo-parque-eolico-reynosa https://www.ft.com/content/6c8e6bc4-69d0-331c-8fa8-2fcde57029f4 http://www.mexico-now.com/index.php/article/2749-zuma-energia-secures-funds-for-mexico-s-biggest-wind-farm-project-to-date