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Spotlight

La Venta III

Wed, 02/19/2014 - 10:58

Just two months before leaving office, former President Felipe Calderón inaugurated La Venta III, Iberdrola’s third wind farm in Mexico. Located in the Isthmus of Tehuantepec, the wind farm has a total installed capacity of 102MW and an estimated annual production of 255GWh. It is comprised by 121 Gamesa G52 850kW wind turbines. Under the independent power producer scheme, Iberdrola signed a power purchase agreement to sell the energy to CFE for the next 20 years. Iberdrola also operates two additional wind farms in Mexico: La Ventosa (102MW) and Bii Nee Stipa (26MW). La Ventosa’s capacity was increased from 80MW to 102MW in an extension that was finished in January 2014, which saw 11 new wind turbines erected, alongside new transmission lines. This means that Iberdrola’s oldest wind farm in Mexico can now supply electricity to over 190,000 Mexican households and avoid some 230,000 tonnes of CO2 emissions each year.

In January 2014, the firm announced a major new wind farm in Esperanza, Puebla. With an estimated investment of US$120 million, the first phase will involve 35 turbines with a combined capacity of 65MW. Eventually, this wind farm is expected to reach a total installed capacity of 362MW, vastly increasing Iberdrola’s current installed capacity of 230MW.

Iberdrola’s Mexican presence stretches well beyond the wind indsutry as the firm stands as the largest private power generator in the country, and second overall behind CFE. It already has six combined cycle power plants in Mexico, representing a total installed capacity of 5,287MW. This sector of its operations also looks set to keep growing as in January 2014, Iberdrola won a US$270 million contract to build the Baja California III 300MW gas- fired power plant, with CFE as the off-taker under a 25-year power purchase agreement. This expansion is linked to a US$3.2 billion investment plan Iberdrola has announced will be rolled out across Latin America from 2012 to 2014, with Mexico and Brazil as its two anchors.