wind-energyIENova, also known as Infraestructura Energética Nova, recently adquired two wind farm projects from from Blackstone Energy Partners and Fisterra Energy for approximately $852 million. Ventika I and Ventika II, in the state of Nuevo León, represent 84 wind generators with a combined electricity generation capacity of 252 megawatts.

The project was developed by Fisterra Energy, which is owned by Blackstone funds, and Cemex. Cemex will continue to operate the wind farm, which was recently completed and now fully operational. The farms were constructed by Acciona Energía, the Mexican unit of Acciona Spain.

IEnova is playing the long game with dollar denominated revenue streams focused on continued growth in the renewable energy sector of Mexico.  Electricity from Ventika has been contracted to private companies under long-term power purchasing agreements.

IEnova operates natural gas pipelines, a liquefied natural gas terminal, natural gas distribution systems and power generation plants in Mexico. It also has a 155-megawatt wind farm in northern Baja California state, in a 50-50 partnership with InterGen, which connects to Southern California via a cross-border transmission line.

Mexico Energy & Infrastructure Projects Forum Monterrey