Global Leader in International Renewable Industry News

posted in:

Mitsui and EDF EN Mexico announce participation in wind power generation project in Mexico

Thursday, Jan 10, 2013

Mitsui & Co., Ltd. (Mitsui) has agreed with EDF EN Mexico S. de R.L. de C.V. (EDF EN Mexico), a subsidiary of EDF Energies Nouvelles, S.A. (EDF EN), to participate in the 164 MW Bii Stinu Wind Project, located in Oaxaca, Mexico. Mitsui, through MIT Renewables Mexico, S.A.P.I. de C.V. (MITRE Mexico), its newly established subsidiary, will acquire 50% ownership in the common stock of Eoliatec del Istmo, S.A.P.I. de C.V., who owns the Bii Stinu Wind Project. The total project cost amounts to approximately MXN5.1 billion (approximately JPY35 billion).

EDF EN Mexico completed the development activities for Bii Stinu, and closed on the financing arrangements. The project, now in an advanced stage of construction, is scheduled to start commercial operation in June 2013. Power generated from the project will be delivered to various entities of five major private-sector corporations, based on power purchase agreements for 15 years.

EDF EN Group’s portfolio of renewable energy assets includes 4,200 MW* throughout 16 countries in Europe and North America. Its operation and maintenance services subsidiary extends its activities to more than 7,600 MW of renewable power assets globally. EDF EN Mexico currently owns a 67.5 MW wind farm in operation and a total of 460 MW under construction and development in Oaxaca.

Mitsui is the No. 2 IPP (Independent Power Producer) in Mexico, participating in 2,922 MW of gross generation capacity, including this project and six other gas-fired power plants in the country. With the participation in this project, Mitsui now holds approximately 5,916 MW worldwide, on an installed net generating capacity basis, including projects under construction, out of which 439 MW comes from renewable energy, accounting for approximately 7% of the above generating capacity.

In addition to power generation, Mitsui has presence in the operation of gas-pipeline project, effluent treatment service for PEMEX, sewage treatment service for the municipality, local gas distribution business, and LNG receiving terminal business. Through such various business activities, Mitsui has been accumulating its local expertise and expanding its infrastructure business in Mexico. Together with its knowledge about renewable energies carried out globally, Mitsui aims to hold a diversified power generation portfolio with a balanced fuel-mix, and to reduce carbon exposure with utilization of clean energy.

Source: Business Wire

posted in:

Other Renewable News

Trina Solar announces grid connection for 23.8 MW PV projects in UK 18-04-2014
Hannon Armstrong ("HASI") and Sol Systems collaborate to deploy up to $100 million of debt financing for distributed solar project developers in 2014 18-04-2014
EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014