Energias de Portugal officially opened its Eolica de Coahuila wind farm located in Northern Mexico, a 200 MW facility located in General Cepeda municipality, which will supply power to local mining group Industrias Penoles.
The farm is the second-largest wind facility in the country after the 252 MW Ventika I and II complex in the northern state of Nuevo Leon, which opened last September.
Eolica de Coahuila will supply power to companies covered in a 25-year power purchase agreement within the Penoles Group.
Work on the US$ 350 million plant started in November 2015 following the signing of an agreement in April 2014 between Penoles and the Portuguese energy group's renewables unit EDP Renovaveis.
The country's President Enrique Peña Nieto attended the ceremony and said the project is a sign that Mexico is becoming more competitive, and a more attractive investment destination, as a result of a new legal framework and clean energy promotion policies introduced by the country's energy reform.
"Mexico is, at this moment, a strategic pillar of our growth plans, a country in which we are clear about the regulations and what the rules of the game are, and that is why companies like ours decide to invest in a country," the executive director of EDP Renováveis for North America, Gabriel Alonso Imaz, said.
Current Mexican regulations are an example for other countries to follow, Imaz added.