Mexico is taking steps toward increasing its renewable energy with the construction of several wind farms in southern Oaxaca. Spanish builder Acciona (ANA.MC) plans global investments of up to 1.4 billion euros this year.

• Mexico inaugurated one of the world’s largest wind farm projects Thursday as the nation looks for alternative energy, in part to compensate for falling oil production.
• The new, $550 million project is in a region so breezy that the main town is named La Ventosa, or “Windy.” It’s on the narrow isthmus between the Gulf of Mexico and the Pacific Ocean, where winds blow at 15 mph to 22 mph (25 to 36 kph), a near-ideal rate for turbines. Gusts have been known to topple tractor trailers. [google.com/hostednews]