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US-Mexico bank doles out cash

Development institution provides $140m loans to Ventika 1 and 2 projects

US-Mexico bank doles out cash image

The North American Development Bank has begun disbursing two loans totaling $140m to build a pair of 126MW wind farms in Mexico.

Ventika 1 and 2 investors include Mexican cement and aggregates giant Cemex and Fisterra Energy, a company controlled by funds managed by Blackstone.

The energy produced will supply facilities belonging to FEMSA, DEACERO, Tecnológico de Monterrey and CEMEX.

The Ventika wind farms are located in the municipality of General Bravo, Nuevo Leon, about 100 miles east of Monterrey.

Acciona Energía is building the projects under engineering, procurement and construction contracts, as reported by reNews.

The North American Development Bank was established and capitalized in equal parts by the United States and Mexico to finance environmental infrastructure projects along their common border.

Image: Acciona is building Ventika 1 and 2 projects in Mexico (Acciona)

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