Bloomberg News

Vestas Wins 396MW Mexican Wind Order From Macquarie, Mitsubishi

March 12, 2012

Vestas Wind Systems A/S (VWS) won a contract to supply 396 megawatts of turbines to a project in southern Mexico, Latin America’s largest wind-power development.

Vestas got the order from Marena Renovables, a group owned by companies including Macquarie Group Ltd. (MQG)’s Mexican Infrastructure Fund, Mitsubishi Corp. (8058) and Dutch pension-fund administrator PGGM NV, the manufacturer said today in a website statement. It will deliver the machines in the second quarter.

The project in Oaxaca state will be the biggest wind park in Latin America, according to Aarhus, Denmark-based Vestas. It will use 132 machines, each with a 3-megawatt capacity, and Dutch brewer Heineken NV (HEIA)’s Mexican unit will buy the power produced, as will units of Fomento Economico Mexicano SAB.

The agreement includes installation and commissioning, in addition to a 10-year service and maintenance contract, according to the statement. Further terms weren’t disclosed.

PGGM Infrastructure Fund is taking a 33.75 percent share in the project, while Macquarie Mexican Infrastructure Fund owns 32.5 percent and Mitsubishi 33.75 percent, PGGM said Feb. 24.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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