A Mexican subsidiary of San Diego-based Sempra Energy has agreed to buy a 252-megawatt wind farm in the northern state of Nuevo Leon for $375 million, not including its assumption of debt totaling $477 million.
Mexico City-based Infraestructura Energética Nova S.A.B. de C.V., better known as IEnova, announced Sept. 5 the deal will give it a 100 percent stake in the Ventika I and Ventika II projects. It said the transaction is expected to close in the third quarter, pending corporate and regulatory approvals.
The 84-turbine Ventika projects are owned by Blackstone Energy Partners and smaller interests including Fisterra Energy, a Blackstone unit that developed the wind farms together with Cemex, a Mexican-based building materials company.
Construction on Ventika was completed in December 2015; operations launched in April.