The company will begin construction this year on the Ventika and Ventika II wind farms, Alcobendas-based Acciona said today in a statement on its website. Terms weren’t disclosed.
The wind farms will help Mexico meet a goal of getting 35 percent of its power from renewable sources by 2025. They will boost Mexico’s growing wind market, where cumulative installations reached 1,992 megawatts last year, according to data compiled by Bloomberg.
Blackstone Group LP-backed Fisterra Energy and Cemex SAB are developing the $650 million wind farms, which are expected to be operational by the second quarter of 2016. Acciona will operate and maintain the projects in the state of Nuevo Leon under a 20-year agreement.
Acciona had so far focused on developing wind projects in the country to own itself, installing 556 megawatts. It will now build and operate the two new projects over 20 years for Fisterra Energy, a company owned by funds managed by the U.S. private-equity firm.
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Will Wade, Jasmina Kelemen