December 19, 2019

NADB, Santander, Banorte and EKF, sign loan agreement for a 117-MW wind project in Reynosa, Tamaulipas with Delaro, S.A.P.I. de C.V., sponsored by Thermion

  • NADB to provide a loan for US$32 million

San Antonio, Texas. - The North American Development Bank (NADB), Banco Santander, S.A., Banco Mercantil del Norte, S.A. (Banorte), as lenders, with the participation of EKF Danmarks Eksportkredit (EKF), as guarantor, have signed a loan agreement for the design, construction and operation of the 117-megawatts (MW) wind farm “Delaro, S.A.P.I. de C.V.”, located in the municipality of Reynosa, Tamaulipas. The project is sponsored by Fideicomiso Thermion Energy CKD I.

The project components include installation of approximately 27 wind turbines and construction of a substation to collect the energy. The electricity generated will be purchased by a group of commercial and industrial consumers pursuant to several long-term power purchase agreements.

Once in operation, the wind park is expected to generate 475 gigawatt-hours of electricity annually, equivalent to the annual consumption of approximately 64,634 households. As a result, it is expected to displace an estimated 250,325 metric tons/year of carbon dioxide (CO2), among other pollutants.

“We are pleased to participate as one of the senior lenders in the financing of this project,” stated NADB Managing Director Calixto Mateos-Hanel. “We congratulate Thermion Energy for promoting this project that will not only help increase the capacity of renewable energy in Tamaulipas, but also create around 400 jobs during the construction phase.”

This project is the sixth wind farm that the Bank has supported in the state of Tamaulipas, for a total generation capacity of 536 MW. Overall, NADB has developed 15 wind energy projects along the U.S.-Mexico border.


NADB is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States.