The parks will be located in Oaxaca state, in an area with excellent wind potential, and will come into operation in 2011.
The three facilities will feature ACCIONA technology 1.5 MW wind turbines (204 units in all).
ACCIONA will strengthen its leading position in the Mexican wind power sector, with 250.5 MW operational.
In the call for tender, ACCIONA beat three other companies - all of them Spanish
A prudent and realistic Strategic Plan aimed at strong growth and based on a sound financial structureDate: 03/01/2010
ACCIONA will increase revenue by 14% a year, operating profit by 22% and pre-tax income by 45%.
The Plan envisages investment of 6.5 billion euros.
The debt ratio will be reduced by 40% (from 6.4 times Ebitda in 2009 to 3.8 times in 2013).
Main innovation, environmental and social objectives include: 400 million euros in investment in R&D and Innovation; a 100% increase in the amount of CO2 emissions avoided (to 16 million metric tons); and the allocation of the equivalent of 5% of dividends a year to social action projects.
Main growth factors: a 2,745 MW increase in installed capacity in the period, heavy investment (2 billion euros) in infrastructures, and the development of the water services business based on the Division’s model as a provider of end-to-end solutions.
Strategic principles underpinning the Plan: the unity of the Company’s business, the pursuit of profitability and the globalization of ACCIONA’s business.