Thursday, 24 January 2013

Mitsui to invest in Mexican wind power plant business
11 Jan 2013

Trading house Mitsui & Co, said Wednesday it will invest in a wind power project in Mexico involving France's EDF Energies Nouvelles S.A, to bolster its renewable energy business.

Under An Agreement with a local subsidiary of Edf Energies Nouvelles, Mitsui will buy a 50% stake for an undisclosed amount in Eoliatec Del Istmo S.a.p.i. De C.v., operator of the Bii Stinu Wind Project, which cost 5.1 billion Mexican pesos (about ¥35 billion).

The plant In Oaxaca is in an advanced stage of construction and scheduled to go online in June with a capacity of 164 MWs. Its output will be supplied to five major private companies in the country on a 15 year contract.