Iberdrola, the largest private energy company in Mexico, continues securing its leading position in the country. This time, the Spanish giant is planning to invest over US$2 billion in power generation initiatives. After the inauguration of the Pier II wind farm in Esperanza, Puebla, the company’s President, José Ignacio Sánchez Galán, stated Iberdola’s intent to build four more wind farms in the region.
Pier II, which required an investment of US130 million, consists of 33 turbines with an installed capacity amounting to 66 MW. However, it is possible to expand the farm’s capacity up to 360 MW. The project was done in partnership with Grupo Mabe and completed in two years in partnership, beginning construction in October 2014. Pier II will provide enough electricity to power 25,000 households while preventing the emission of 55,000 tonnes of CO2 emissions. The electricity generated will be sold to CFE. It is likely that the four wind farms Iberdrola is considering building in Puebla will be similar to Pier II.
Mexico is a strategic market for the Spanish firm, which has been in the country for approximately 15 years. Iberdrola has 12 power generation facilities in the country and six more under construction. The company has shown a penchant for gas-powered generation, mainly combined cycle plants. However, of the close to 5,000 MW the utility has installed in the country, 366 MW come from wind power generated in five wind farms: La Ventosa (102 MW), La Venta III (102 MW), Bii Nee Stipa (26 MW), Dos Arbolitos (70 MW), and Pier II (66 MW). Sánchez Galán said Pier II was another milestone in the company’s commitment to clean energies, the use of the state-of-the-art technology, and job creation in the regions where the company operates. Renewable energy sources comprise close to 20% of Mexico’s energy matrix, with wind farm, the leading renewable energy source in the country, amounting to a modest 2%. Although combined cycle plants will be the leading energy generation source by 2028, wind power is expected to increase its presence in the energy mix with a participation of 10% by the same year. The Energy Reform and the mechanisms implemented in the wholesale electricity market, such as Clean Energy Certificates and qualified user requirements, will definitely give wind power the push and momentum it needs.