The Inter-American Development Bank (IDB) approved a loan of up to US$ 76 million to Impulsora Nacional de Electricidad S. de R. L. de C.V., a subsidiary of Enel Green Power SpA, to support its investment in a 74MW wind farm in the Isthmus of Tehuantepec, in the Mexican State of Oaxaca.
The wind farm, known as Bii Nee Stipa II, is Enel Green Power’s first wind farm in Mexico. Oaxaca’s wind industry development began in the 1990s but is only now approaching its real potential. By the end of 2012, wind-based installed capacity in the state will reach around 1.5GW. With this latest loan, the IDB has approved more than US$ 240 million in financing for wind farms in Oaxaca since 2009.
The wind farm, known as Bii Nee Stipa II, is Enel Green Power’s first wind farm in Mexico. Oaxaca’s wind industry development began in the 1990s but is only now approaching its real potential. By the end of 2012, wind-based installed capacity in the state will reach around 1.5GW. With this latest loan, the IDB has approved more than US$ 240 million in financing for wind farms in Oaxaca since 2009.
