25 August 2017 2017 03:05 PM GMT

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position

Vestas has received an order for the largest wind park in Mexico. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW. Zuma Energía has placed the firm and unconditional order for the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, Mexico, which will be one of the largest wind power projects in Latin America. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW.

Established in 2014, Zuma Energía is a leading Mexican player within renewable energy financially backed by Actis and Mesoamerica, which both have a successful track record of building large renewable energy operations across the Americas and Europe. The order includes supply and installation of the wind turbines as well as a 15-year Active Output Management 5000 (AOM5000) service contract. Delivery of the wind turbines is expected to begin late 2017, with commissioning expected in 2018.

“Mexico is undergoing a historical moment in its energy policy and we are extremely pleased to play an active role in this process. By building Mexico’s largest wind park with Vestas’ turbines we are taking a bold step in the country’s transition towards renewables”, says Adrián Katzew, CEO of Zuma Energía.  “Tamaulipas has a leading position in the country within wind energy and we are proud to be part of this by installing the Reynosa project. The blades for V136-3.45 MW projects in Latin America will be produced in Mexico which underlines our long-term localisation strategy in Mexico and Vestas’ strong commitment to support  Mexico´s renewable target of 35 percent of clean energy by 2024”, says Angélica Ruiz Celis, Vestas’ Managing Director for Mexico and northern Latin America.

Marco Graziano, President of Vestas Mediterranean, comments “During the auction, we mobilised our teams in Mexico City, Madrid and Copenhagen in order to put all of our expertise, market-leading product portfolio and service offerings at Zuma’s disposal. Our ability to do so was key to helping Zuma build a compelling, profitable and sustainable business case, showcasing Vestas’ expertise in auctions”.  Vestas pioneered the Mexican wind energy market back in 1994 when it installed the first commercial wind turbine in the country. With this new order, Vestas has more than 1.5 GW of wind turbines either installed or under construction in Mexico.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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