International Renewable Energy Magazine

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Vestas wins 149-megawatt turbine order for mexico wind project

Bloomberg
May 2015

Vestas Wind Systems A/S, the world’s largest turbine maker, agreed to supply equipment with 149 megawatts of capacity for a project in Mexico.

The 45 3.3-megawatt turbines will be delivered in the first quarter of 2016, the Aarhus, Denmark-based manufacturer said Friday in a statement on its website. The sale includes a 10-year service agreement. The wind farm is receiving loans from the Overseas Private Investment Corporation and the North American Development Bank. Terms weren’t disclosed.

Oak Creek Energy Systems Inc. will develop and operate the Tres Mesas project. Sigma Alimentos, a unit of Alfa SAB, and Wal-Mart Stores Inc.’s Mexico unit have agreed to buy the electricity that’s generated.


Blackrock buys 90% interest in 80 megawatts of Iowa Wind

Bloomberg
May 2015

BlackRock Inc., the world’s largest money manager, is buying a 90 percent stake in 80 megawatts of Iowa wind capacity to help diversify its infrastructure fund.

BlackRock is acquiring interests in the 42.5-megawatt Elk and 37.5-megawatt Hawkeye wind farms from RPM Access LLC for an undisclosed sum. The Central Iowa Power Cooperative buys electricity from the power plants, which came online in 2011 and 2012, under a long-term contract.

“We’re specifically looking for things that get our portfolio diversified geographically,” Managing Director David Giordano said in a phone interview. “Iowa has been a state that’s had a lot of great penetration, but a lot of it’s operating projects with not a lot of new projects getting done right now. So this was just a great opportunity for us.

”The Elk and Hawkeye wind farms use 32 2.5-megawatt Nordex SE turbines that have been deployed in projects outside the U.S. where BlackRock’s invested, Giordano said. Familiarity with the technology and the long-term power-purchase agreement made the projects attractive additions as the firm beefs up its $1.5 billion infrastructure fund.

“We’ll stay very active through 2015 and into 2016,” Giordano said. “BlackRock has a number of places where these types of investments make sense.”.