Aerospace News

  • VW, Union agree on 6.5% overall pay raise for workers at Puebla facility

    Volkswagen de Mexico and its Union reached an agreement in the salary review, with a direct increase of 5% plus 1.5% in benefits. The deal includes the opening of 250 temporary jobs. With this agreement, a strike scheduled for Friday, 11:00 am, at the plant located in the municipality of Cuautlancingo, Puebla, was avoided.

    The latest negotiations between the company and the Union (Sitiavw), headed by Rey David Garcia Avendano, were

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  • Vestas secures deal to supply turbines for Mexico’s largest wind farm

    Vestas Wind Systems A/S revealed that the recently announced agreement to equip Zuma Energia’s 424-MW Parque Eolico Reynosa III wind farm in Mexico has now turned into a firm and unconditional supply order. The value of the contract remains undisclosed.

    As part of the deal the Danish wind turbine maker will supply and install 123 units of its V136-3.45 MW machines for the wind farm in the northeastern state of Tamaulipas, which will

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  • TPI Composites’ net income up 19.8% boosted in part by Mexican operations

    Arizona-based TPI Composites, Inc., an independent manufacturer of composite wind blades with a global footprint, reported a 19.8% increase in net income to US$ 13.9 million for the second quarter of 2017. The improvement is due in part by a 31.1% boost in net sales of wind blades to US$ 239.8 million compared to US$ 182.9 million in the same period in 2016.

    The increase was primarily driven by a 36% hike in the number of wind blades

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  • Spain-based Acciona inks deal to build Mexico’s biggest wind farm

    Spain-based Acciona has been commissioned by Mexican energy company Zuma Energia to build a 424 MW wind farm in Reynosa, in the state of Tamaulipas, in north-eastern Mexico; it will be Mexico's largest wind farm when it becomes operational.

    The Reynosa wind farm will provide enough clean sustainable energy to meet the needs of close to one million people and will avoid the emission of 739,000 tons of CO2 to the atmosphere each

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  • London-based Cubico raises US$ 450 million for two renewable energy projects in Mexico

    Cubico Sustainable Investments, a London-based firm specialized in renewable energy projects, announced it has achieved financial closing for the 250 MW El Mezquite wind farm in the state of Nuevo Leon, and the 350 MWp Solem solar PV project in Aguascalientes, both with power purchase agreements (“PPAs”) awarded in Mexico’s 2nd long-term electricity auction in September 2016.

    The total amount of non-recourse project finance debt

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