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September 5, 2016updated 16 Nov 2021 6:47am

Sempra Energy unit to acquire two wind farms in Mexico from Blackstone Group

Sempra Energy unit Infraestructura Energética Nova SAB (IEnova) has agreed to buy two wind farms in north-eastern Mexico from Blackstone Group and its units for $375m.

Sempra Energy unit Infraestructura Energética Nova SAB (IEnova) has agreed to buy two wind farms in north-eastern Mexico from Blackstone Group and its units for $375m.

IEnova will buy a 100% stake in the Ventika I and II wind facilities in Nuevo Leon from Blackstone Energy Partners, Fisterra Energy and other minority partners.

In addition, the Mexican unit will assume a long-term loan of $477m, taking the total value of the deal to $852m.

“This purchase is part of IEnova’s strategy for short-term and medium-term growth.”

Ventika I and Ventika II are located next to each other in Nuevo León.

These projects have 84 wind turbines with a total installed capacity of 252MW.

The two projects were developed by Fisterra Energy, which is owned by Blackstone-managed funds, and Mexican cement manufacturer Cemex.

Constructed by Spain-based Acciona Energía, the farms will continued to be managed by Cemex after the acquisition.

Work on these farms were completed last December and became operational in April. T

This purchase is part of IEnova’s strategy for short-term and medium-term growth.

Power generated from the Ventika farms will be sold to private companies under long-term power purchase agreements.

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