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  1. Market Data
November 30, 2021

Mezquite Wind Farm, Mexico

By Carmen

Mezquite Wind Farm is a 250MW onshore wind power project. It is located in Nuevo Leon, Mexico. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in June 2019.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 250 250 Active Nuevo Leon, Mexico Parque Eolico El Mezquite SAPI de CV; Sowitec Group

Description

The project was developed by Parque Eolico El Mezquite SAPI de CV and Sowitec Group. The project is currently owned by Parque Eolico El Mezquite SAPI de CV with a stake of 100%.

The project generates 890,000MWh electricity and supplies enough clean energy to power 150,000 households, offsetting 526,879t of carbon dioxide emissions (CO2) a year. The project cost is $442.25m.

The wind power project consists of 100 turbines, each with 2.5MW nameplate capacity.

Development Status

The project is currently active. The project got commissioned in June 2019.

Power Purchase Agreement

The power generated from the project is sold to Comision Federal de Electricidad under a power purchase agreement for a period of 15 years, starting from 2019.

About Sowitec Group

Sowitec Group Gmbh (Sowitec) is a renewable energy company that develops wind power projects. The company offers services such as planning, designing, realisation, commercial management, energy yields and wind farm profitability calculations, technical management, and carbon emission trading of wind energy projects. It provides wind measurements, project construction management, wind surveying, engineering, operational management, trading, carbon market solutions, registration of CDM projects and wind power trading services, and individual advice and consultancy services. Sowitec develops and operates wind farms in Germany, Mexico, France, Chile, the UK, Belgium, Argentina, Brazil, Colombia, Kazakhstan, Kenya, Peru, Russia, Thailand and Uraguay. Sowitec is headquartered in Sonnenbuhl, Baden-Wurttemberg, Germany.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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