Mexican Company Bimbo Will Buy Wind Power From Spanish Developer

Bimbo will buy wind power in Oaxaca
Business - Friday, December 3, 2010 (04:53 hrs)




Be clean, 100% of its consumption in the country


The online Financial

Mexico, Dec. 3 .- Grupo Bimbo buy power from a Spanish developer to build a wind farm in Oaxaca, mining companies are planning similar projects and the Commission Federal de Electricidad (CFE) will install two wind corridors in the same state, thereby Mexico will continue to progress in meeting the goal to generate two thousand 500 megawatts (MW) of wind energy in 2012.
Energy Secretary Georgina Kessel Martinez, ensured that the current administration is closer to the goal of producing two thousand 500 Mw wind at the end of six years and that 26 percent of the installed capacity of energy comes from clean energy (solar, geothermal , wind, nuclear, biomass and large hydro).
Under the notice on the commencement of construction of the wind farm Piedra Larga, which will supply 100 percent of the energy requirements of Grupo Bimbo in the country for 18 years since the end of 2011, the official said in Mexico occurs quiet revolution, as "great things are happening" around the main energy input is the wind.
He stressed that according to the World Wind Energy Association, Mexico farm sector grew the fastest in the world last year and recalled that ten years ago almost no wind energy produced at present installed capacity exceeds 500 Mw.
He said projects in the portfolio of mining companies to reduce their consumption of electricity, two projects approved for CFE of 300 MW each, and other plans, "we can approach the six-year end target."
Daniel Servitje, CEO of Grupo Bimbo, said Long Stone, the largest wind farm in the food industry, will supply the power consumption of half of its operations worldwide and total in Mexico.
The installed power plant is 90 MW at an early stage, with a maximum of 227 Mw. The park, which will be installed in Oaxaca, will supply the power consumption of 65 facilities in Mexico (production plants and other centers of operation) Bimbo, Grupo Calidra, Papalote Museo del Niño and Frialsa Refrigerators.
Investment
The park will be developed by the Mexican Wind Development Company, Energy Renovalia Spanish group, which managed a syndicated loan to Nacional Financiera structured with a group of banks, for $ 160 million 16. The total investment is 200 million dollars. Renovalia Energy will invest 200 million dollars in the project.
The main employer of the baking company in Mexico and Latin America noted that the contract to purchase wind power for 18 years, reflects the group's commitment to reduce the environmental footprint, noting that the project will avoid the use of 600 000 barrels of oil a year used for the generation of electricity, equivalent to stop release to the environment 250 thousand tons of carbon dioxide a year.
The director of Nacional Financiera, Hector Rangel Domene said that the signing of the syndicated loan for the development of wind project, the development bank fulfills its mission to contribute to energy efficiency, noting that to date has funded two projects farms in Mexico. (With information from El Financiero / Esther Arzate / APB)

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