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Spain's Iberdrola To Invest €365m into Mexican Wind

Spanish energy company Iberdrola is to invest €365m to grow in Mexico's booming wind-power market at a time when other international firms are also rushing to muscle in Latin America's second-largest economy.

Iberdrola will build a wind farm in the Southern city of Oaxaca, which is quickly becoming the country's wind-power hub. The project will have a capacity of 20 MW and employ 500 people during construction. The Madrid-based firm will also build a co-generaion power plant in Salamanca, Guanajuato.

The Oaxaca wind farm is the second of its type that Iberdrola built in Mexico since 2008.

This new investment announcement coincides with the similarly ambitious growth plans of Iberdrola’s compatriot Gamesa, which supplies many of the turbines used by Iberdrola in its wind farms south of the border.

Gamesa is hoping to supply at least 2,000 MW of turbines to the Baja California region and is sniffing around for other opportunities to both supply turbines and build wind parks.

Cannon Power and Union Fenosa are two other foreign power players hoping to do business in Mexico.

According to Mexican promotional agency ProMexico, the wind industry attracted $1.5bn in investments last year, generating 2.6m jobs.

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How Wind Turbines are Becoming Photocopiers – and the Cost to Investors

Guy Auger, Greensolver We all know that the wind turbine market in Europe is an oligopoly. Power resides in the hands of very few players — and, in the offshore space, just five manufacturers (OEMs) account for 100 percent of the turbines that we...

Siemens receives onshore wind orders for UK and Ireland

Diarmaid Williams

Siemens Wind Power and Renewables Division has been awarded orders, which when in place, will be capable of delivering power to over 100,000 households across Britain and Ireland.

German onshore wind growth slows

Tildy Bayar

US Clean Power Plan Could Include Carbon Trading

Mark Drajem, Bloomberg Some businesses that back President Barack Obama’s plan to curb greenhouse gases are making a late lobbying push to add an element similar to a cap-and-trade program. With the administration set this week or next to unveil ...
Ivan Castano is a freelance journalist based in Miami. His work has appeared in Thomson Reuters’ International Finance Review (IFR), Dow Jones’ Financial News, Euromoney, Trade & Forfaiting Review and a range of trade publications covering the cap...


Volume 18, Issue 4


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