InterGen Buys 50% Interest In Cross-Border Mexican Wind Project

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InterGen, a Massachusetts-based power generation firm, has closed a previously announced agreement with Infraestructura Energetica Nova SAB de CV (IEnova) to purchase a 50% interest in the first phase of the Energia Sierra Juarez wind project. The transaction had been subject to obtaining relevant regulatory approvals in Mexico and the U.S.

Located in Baja California, Mexico, the first phase of the wind farm is an approximately $300 million, 155 MW project consisting of 47 3.3-MW Vestas turbines. Expected to come online during the first half of 2015, the wind farm has a 20-year power purchase agreement with San Diego Gas & Electric.

InterGen says Energia Sierra Juarez is the first cross-border wind project between Mexico and the U.S., with generating assets located in Mexico and transmission infrastructure headed into the latter country.

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