Oaxaca II and IV sets Mexican renewable energy financing precedent

Author: Michael Washburn | Published: 29 Aug 2012

The August pricing of a dual-tranche $300 million bond offering by Mexican wind farms Oaxaca II and IV set a precedent for renewable energy financing in the region. Here’s why

Arrangement for the Oaxaca II and IV deal were finalied in under a month, in spite of the region’s difficult legal and social realities. The success of the transaction is expected to encourage investors’ interest in Mexico.

Most of Mexico’s wind farms are located around the states of Baja California, Tamaulipas, Veracruz, or on the Tehuantepec Isthmus in the state of Oaxaca. Additional wind farms in northern Mexico are also under consideration. .

But Basham Ringe y Correa’s...



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