Renovalia Energy and the First Reserve Energy Infrastructure Fund of First Reserve are adding two wind power plants in southern Mexico to the joint venture’s portfolio.
The first 90 MW wind farm in Mexico has been operational since June 2012. A second 137.5 MW farm is under construction and expected to be completed by 2014. The 90 MW wind project has long-term financing in place and power purchase agreements with Grupo Bimbo and an unnamed dretailer.
The Renovalia Reserve joint venture was formed in 2011 to own and operate wind farms in North American and Europe.
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