Mexico's Federal Electricity Commission (CFE), the state-run power company, said it had signed contracts for the construction of two wind farms worth US$ 393.6 million.

The CFE said it signed a US$ 176.6 million contract with local consortium Energias Ambientales de Oaxaca for the construction of the 101MW Oaxaca I wind farm. The CFE said it also recently signed a contract with Iberdrola Renewables for the construction of a 202MW project known as La Venta III, also in southern Oaxaca state.