US power generator InterGen has acquired a 50% stake in the initial 155MW phase of the Energia Sierra Juarez wind project in Baja California, Mexico.
Financial terms of the transaction with
project developer Infraestructura Energética Nova (IEnova) were not made
public. The deal is subject to regulatory approvals in both countries.
Energia Sierra Juarez is scheduled to
fully enter service in the first half of 2015. It is the first cross-border
wind-generation project between Mexico and the US.
Utility San Diego Gas & Electric
has contracted to purchase all the electricity from the project during a
“InterGen is committed to growing its
business in Mexico. We view IEnova as an ideal strategic partner as they bring
many complementary skills in the development, construction and operation of
energy infrastructure in Mexico,” says InterGen chief executive Neil H. Smith.