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Sureste I-Phase II Wind Power Plant

Sector: Wind • Location: Mexico

Source: World Bank Group

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The Italian company Enel Green Power announced the development the Sureste I-Phase II wind power plant in the municipality of Charcas (Oaxaca), Mexico (102 MW in capacity). Enel Green Power was awarded the right to build Sureste I-Phase II in a public tender organized by the regulatory agency Comision Federal de Electricidad (CFE). A 20-year power purchase agreement (PPA) was associated to this pr

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The project “Sureste I-Phase II Wind Power Plant” is an infrastructure initiative in the Wind sector, located in Mexico. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The Italian company Enel Green Power announced the development the Sureste I-Phase II wind power plant in the municipality of Charcas (Oaxaca), Mexico (102 MW in capacity). Enel Green Power was awarded the right to build Sureste I-Phase II in a public tender organized by the regulatory agency Comision Federal de Electricidad (CFE). A 20-year power purchase agreement (PPA) was associated to this project, and the license was issued in February 2013. The sponsor created the special purpose company Energias Renovables La Matato manage the project. Investment was estimated at US$ 160 million. Financial closure was achieved with a US$ 100 million loan granted by BBVA in June 2013. Construction began in December 2013. Operations were expected to commence in the second half of 2014.

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