The North American Development Bank (NADB) approved a $51 million loan toward a 54 MW wind farm in Mexico.
According to Bloomberg, the plant will use 30 Vestas turbines and is expected to cost $130 million. Cia. Eolica de Tamaulipas SA, a renewable energy joint venture, owns the project along with Grupo Ecos.
Grupo Financiero Banorte SAB will provide a final tranche of financing for the project by March, the articlr said. Construction is expected to start soon.
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