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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995