in News Departments > Projects & Contracts
print the content item

InterGen, a Massachusetts-based power generation firm, has entered into an agreement with Infraestructura Energetica Nova SAB de CV (IEnova) to purchase a 50% interest in the first phase of the Energia Sierra Juarez wind project.

Located in Baja California, Mexico, the first phase is an approximately $300 million, 155 MW wind project consisting of 47 3.3-MW Vestas turbines. The wind farm will sell its power to U.S.-based utility San Diego Gas & Electric under a 20-year contract and is expected to come online during the first half of 2015.

“We are very pleased to be working with IEnova on our first renewables’ generation project, an area of expected growth for us in the future,” says Neil H. Smith, president and CEO of InterGen.

Carlos Ruiz Sacristan, chairman and CEO of IEnova, adds, “This transaction is a key milestone in the development of Energia Sierra Juarez and completes our original plan to include a strategic partner.”

The partnership agreement is subject to regulatory approvals in Mexico and the U.S. Financial terms were not disclosed.




Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008