Mitsui and EDF EN Mexico to join forces in wind farm in Mexico

• 11 years ago (2013-01-12)
• David Flin

North America 1004 Renewables 757

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Mitsui and EDF EN Mexico, a subsidiary of EDF Energies Nouvelles, have agreed to participate in the 164 MW Bii Stinu Wind Project, located in Oaxaca, Mexico. Mitsui, through its MIT Renewables Mexico, its newly established subsidiary, will acquire 50 per cent ownership of Eoliatec del Istmo, which owns the project. The total project cost is approximately $400 million.

EDF EN Mexico completed the development activities for Bii Stinu, and closed the financing arrangements. The project, now in an advanced stage of construction, is scheduled to start commercial operation in June 2013. Power generated from the project will be delivered to five private sector corporations, based on power purchase agreements for 15 years.