Mexican retailer Organizaciàƒ³n Soriana, along with the Mexican company GEMEX, announce the construction of two wind farms in Gàƒ¼emez, Tamaulipas, representing a total investment of more than $130 million per project.
The wind farms will be financed with loan funds from the North American Development Bank and the Mexican commercial bank, BANORTE, as well as equity investments from GEMEX.
The La Mesa Wind Farm will be developed on 1,366 acres, while the Victoria Wind Farm will be built on about 1,730 acres. Each project consists of 15 wind turbines with a total installed power generation capacity of 49.5 MW and is expected to produce an estimated 181 gigawatt-hours/year of electricity, which will be consumed by Soriana for 20 years as part of an agreement to supply sustainable energy to 311 of its stores, thereby actively contributing to the development of sustainable energy while at the same time reducing its energy costs.
The electricity from these two wind farms is equivalent to 14 percent of the electricity currently produced in the state of Tamaulipas, or the annual consumption of 51,046 households. Additionally, the renewable energy produced by these projects is similar to removing 58,000 automobiles a year from roadways.