The deal is the company's first contract in Mexico since an auction-based system was introduced as part of energy reforms.
Under the 15-year contract, the company will annually supply 585.7GWh of energy. It also covers the clean energy certificates generated by the project.
Construction of the new wind farm, situated 40km south of Reynosa, is anticipated to start at the end of the year. The project is scheduled to come online in mid-2018.
When operational, the wind farm will generate enough clean electricity to power about 350,000 Mexican households and eliminate about 563,000 metric tons of CO2 from entering the atmosphere.
Acciona Energía Mexico director Miguel Angel Alonso said: “We are proud that Acciona is one of the first companies to sign a purchase and sale contract for energy and clean energy certificates in the framework of the auction system established by the Mexican energy reform.
“This system creates good prospects for the development of renewables in the country, and we in Acciona will continue to work actively towards this objective.”
Acciona has 556.5MW of wind power capacity in Mexico's Oaxaca state and several hundred megawatts more under development in the country.
The company also signed a memorandum of understanding with Mexico’s Comision Federal de Electricidad to promote joint renewable energy projects in the country.
Image: Mexican authorities and Acciona Energia officials signing the power purchase agreement. Photo: Courtesy of Acciona Energía.
