- Published: 03 January 2014 03 January 2014
Mitsui & Co., Ltd has agreed with EDF EN Mexico to participate in the 160MW Santo Domingo Wind Project located in Oaxaca, Mexico.
Mitsui, through MIT Renewables Mexico, its Mexican subsidiary, acquired 50 per cent ownership in the common stock of Eoliatec del Pacífico, S.A.P.I. de C.V., who owns the project. The total project cost is approximately MXN 5.0 billion (approximately € 278 million). The project is scheduled to start commercial operation in April, 2014. Power generated from the project will be delivered to various entities of two major private-sector corporations, based on power purchase agreements for 15 years.