Mexico signs deals for two wind farms

Jun 10, 2009 - EFE

Mexico City - Mexico's Federal Electricity Commission, or CFE, said it has signed separate contracts with a unit of Spanish power utility Iberdrola and a Mexican consortium for the construction of two wind power plants in the southern state of Oaxaca.

CFE said Tuesday it inked a $217 million deal with Spanish renewable energy company Iberdrola Renovables to build the 101-megawatt La Venta III wind power plant, which will prevent the emission of some 150,000 tons of carbon dioxide into the atmosphere.

It also signed a $176.6 million deal with the EAO consortium to construct the 101-megawatt Oaxaca 1 wind power plant, which will avoid the emission of 150,000 tons of carbon dioxide and also create 1,000 jobs.

The CFE said the two projects are part of the country's goal of generating 25 percent of its electricity from renewable power sources. EFE