Deals
Sempra’s Ienova Buys Mexico’s Biggest Wind Farm From Blackstone
- Ventika wind complex owned by Blackstone, Fisterra, partners
- Buyer will also assume $477 million of long-term financing
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Infraestructura Energetica Nova SA agreed to buy the Ventika wind energy complex in northern Mexico from units of Blackstone Group LP for $375 million, the second large-scale acquisition this year by the country’s only publicly traded energy company.
Ienova, as Sempra Energy’s Mexico unit is known, will acquire 100 percent of the Ventika I and II wind parks in Nuevo Leon state from Blackstone Energy Partners, Blackstone’s Fisterra Energy unit and minority partners, the buyer said in a statement Monday. Ienova will also assume $477 million of long-term financing obtained by Ventika, the country’s biggest wind complex with an installed capacity to generate 252 megawatts from 84 turbines.