Published: 23 April 2014 23 April 2014
InterGen has announced that it has entered into an agreement with Infraestructura Energética Nova to purchase a 50 per cent interest in its first phase of the Energía Sierra Juarez wind project.
The transaction is subject to regulatory approvals in Mexico and the USA. Financial terms of the partnership agreement were not disclosed. Located in the Municipality of Tecate, Baja California, Mexico, the first phase of Energía Sierra Juarez is an approximately US$ $300 million, 155MW wind generation project consisting of 47, 3.3MW Vestas turbines. Expected to come on-line during the first half of 2015, Energía Sierra Juarez has a 20 year power purchase agreement with San Diego Gas & Electric. Energía Sierra Juarez is the first cross-border wind-generation project between Mexico and the USA.