Eight companies are reportedly developing a $5 billion, 6000 MW wind power plant in Mexico's Oaxaca state. The companies -- Endesa, Gamesa Energia and Iberdrola from Spain, Fuerza Eolica, Dewind and Führlander of Germany, and ABB Finland -- have earmarked a site on the Tehuantepec isthmus, where they are already negotiating rents with local landowners, according to newspaper El Financiero.
Power will be sold to state electricity company CFE, says Alejandro Sampelayo from Spanish investment promotion company Expansion Exterior. "It is the first time wind power will be generated on a large scale in the country," he continues.
"The idea is to reduce the dependency of fossil fuels and to not expose ourselves to fluctuations in international energy prices, with the additional advantage of achieving a reduction in the emission of gases and complying with the terms of the Kyoto agreement," Sampelayo says.
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