US-Mexico bank doles out cash

windmillRe News, 4/15/14

The North American Development Bank has begun disbursing two loans totaling $140m to build a pair of 126MW wind farms in Mexico.Ventika 1 and 2 investors include Mexican cement and aggregates giant Cemex and Fisterra Energy, a company controlled by funds managed by Blackstone.

The energy produced will supply facilities belonging to FEMSA, DEACERO, Tecnológico de Monterrey and CEMEX. The Ventika wind farms are located in the municipality of General Bravo, Nuevo Leon, about 100 miles east of Monterrey. Acciona Energía is building the projects under engineering, procurement and construction contracts, as reported by reNews.

Read more…

Mexico housing project goes solar

Solar PanelsUnited Press International, 2/25/2013

A housing project in Guadalajara is going solar with help from Mississippi’s Solar America Corp., an innovator in the cost-saving technology. Mexico leads Latin America in solar energy production but analysts say the country has yet to exploit its full potential. More solar power generation in Mexico will free up its oil output for exports and save the state precious resources that are currently spent on producing non-renewal energy.

Industry analysts say Mexico can combine solar power with wind energy production to get the best results from its existing potential of the two natural resources. The latest solar energy deal takes development of the resource a few steps forward. Solar America Corp. said Monday it signed a memorandum of understanding with Valdez Cueva Constructores Asociados S.A. de C.V., the principal contractor for the housing project.

Read more…

Baja Wind Energy Project Could Help Fill California’s Sails

Transcript, Newshour, 6/16/2010

EMMA COTT, independent filmmaker: Here in Baja, just south of California’s border with Mexico, the land is so dry, it can’t be farmed. There’s no work either.

Small-town life depends on cash wired by relatives who have slipped across the border. But the area’s fortune could be changing. As it turns out, this dusty town has something that California desperately needs: wind.

Baja’s first small wind farm will be for use within Mexico, but David Munoz, the director of Baja’s Energy Commission, envisions an international green energy future for his state.

DAVID MUNOZ, director, Baja State Energy Commission: Exporting wind is our next export or renewable power in general. We have an excess of potential, and we have a huge market on the American side.

Watch video of the program and read the complete transcript here…