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

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032