The government of Oaxaca has announced a US $1.2-billion investment in a wind farm by the Japanese conglomerate Mitsubishi Group that will provide a 65-million-peso (US $3.4-million) windfall for the municipality of Juchitán.
“Southern Wind Power,” will be the largest wind farm in Latin America in terms of investment and size.
Located in the municipalities of Juchitán and El Espinal in the Isthmus of Tehuantepec, the project will consist of 132 high-technology wind turbines with a total capacity of 396 megawatts.
In announcing the project last Thursday, Governor Alejandro Murat Hinojosa said local communities would also enjoy benefits such as a 35% reduction in household electrical costs and the installation of 5,242 energy-saving lights in Juchitán, providing a 30% saving to the municipality.
Mexico is one of the three emerging economies with the highest yearly growth in renewable energy investment, only behind Chile and South Africa, where growth was 329% and 151%, respectively.
Investment in wind generation of electricity has propelled Mexico on to the list of the 10 countries that recorded the greatest spending on renewable sources of energy.