The JPY80 billion (US$1 billion) Mareña Renovables project will be jointly developed by Mitsubishi and its partners, Macquarie Mexican Infrastructure Fund and PGGM, in the Isthmus of Tehuantepec region located in the State of Oaxaca, Mexico.
The development of Mareña Renovables will involve installing 132 units of wind mills across several tens of kilometers of the isthmus, and is expected to be completed in July 2013. The power generated by the wind farm will be provided to FEMSA and Heineken under 20-year power purchase agreements.
Mexico is putting forward an initiative to increase the total capacity of the power supply by 50 percent or up to 90GW by the year 2025. Out of the 90GW total capacity, 20GW is expected to be from renewable energy resources.
Mitsubishi eyes Mareña Renovables, largest wind farm in Latin America
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