The loan, granted by ten financial institutions, is the largest amount awarded in Latin America to a renewable energy installation. Eurus wind farm in the state of Oaxaca, with its 250.5 MW is already operational, the most powerful in Latin America and the largest built by Acciona in the world.
Eurus production is intended to cover up to 25% of the electricity needs of the company’s cement plant Cemex in Mexico, renewable energy production that prevents the emission of around 600,000 tonnes of CO2 a year.
Ten Financial institutions, mostly related to global or regional public institutions and some of them specifically targeted to support sustainable projects in developing countries, have signed the financing agreements, totaling $ 375 million (297 million euro).
The financing agreements of this wind farm were subscribed to by institutions, regional and global level the International Finance Corporation, the private institution for the World Bank Group, the Inter-American Development Bank and the Corporation Andean Finance, the main source of multilateral financing in the region.
The group also includes entities signing Mexican companies Nacional Financiera and the Bank for Foreign Trade, the Official Credit Institute of Spain, the French Society for the Promotion and Participation for Economic Cooperation and the Deutsche Investitions-und Entwicklungs Gesellschaft of Germany.
Rounding out the list of signatories two private entities, Spanish BBVA and Portuguese Banco Spirito Santo.