April 15, 2014

Two new wind farms in Nuevo Leon, Mexico, to be funded by the North American Development Bank

The wind farms are located in the municipality of General Bravo, Nuevo Leon, approximately 100 miles east of Monterrey. Ventika will occupy 9,213 acres of land, while Ventika II will be constructed south of Ventika on 8,864 acres of land. Both wind farms have a generation capacity of 126 MW each. The projects will be executed under engineering, procurement and construction contracts with Acciona Energía.

Environmental benefits of these projects include the estimated displacement of 611,949 metric tons of carbon dioxide (CO2) per year and 1,514 metric tons of nitrogen oxides (NOx) per year. These projects complied with all the certification criteria of the Border Environmental Cooperation Commission and were approved by the NADB-BECC Board of Directors on February 19, 2014.

To date, NADB has provided US$521.0 million in loan financing for six wind projects in California, Texas, Tamaulipas and Nuevo Leon. When completed, these projects will have a total installed generation capacity of 973 MW.