Tokyo, Jan 9, 2013 (JCN) - Mitsui & Co. and EDF EN Mexico S. de R.L. de C.V. (EDF EN Mexico), a subsidiary of EDF Energies Nouvelles, S.A.(EDF EN), have agreed to a partnership 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 a 50% ownership from EDF EN Mexico 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).
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 include 4,200 MW throughout 16 countries in Europe and North America. 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 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.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
 Company Profile |  Print |  Alerts
|
 |
|
Mitsui & Co to Participate in Power Generation Project in South Africa
(June 6, 2013)
|
|
|
Mitsui and EDF EN Mexico to Partner in Wind Power Generation Project in Mexico
(Jan 9, 2013)
|
|
|
Mitsui Acquires U.S. Brand Paul Stuart
(Jan 8, 2013)
|
|
|
Mitsui Takes Stake in Gestamp Automocion, Global Auto Components Supplier
(Jan 7, 2013)
|
|
|
FEED Contracts Awarded for LNG Development Project in Mozambique
(Dec 21, 2012)
|
|
|
Callide Oxyfuel Project Enters World's-first Demonstration Phase for Process of Oxyfuel Technology & CO2 Liquefaction
(Dec 18, 2012)
|
|
|
Mitsui Takes Stake in Renewable Energy Power Generation Projects in Canada
(Dec 17, 2012)
|
|
|
Panasonic to Establish Fujisawa Town Management Company with its Partner Companies
(Oct 1, 2012)
|
|
|
Completion of Acquisition: Browse LNG Project in Australia
(Sept 18, 2012)
|
|
|
Mitsui and KEPCO E&C to Expand Takoradi T2 Power Plant in Ghana
(July 17, 2012)
|
|
|
Recent
Alternative Energy
News
|
|
|
|
|
|
INPEX Granted Exploration Permit Off Western Australia (June 10, 2013)
|
|
|
ITOCHU to Construct Africa's Largest Solar Power Plant in South Africa (June 10, 2013)
|
|
|
Mitsui & Co to Participate in Power Generation Project in South Africa (June 6, 2013)
|
|
|
Idemitsu, JX and INPEX Confirm Gas at Third Offshore Vietnam Well (June 5, 2013)
|
|
|
JX Nippon Acquires Interest in Two Exploration Permits in the North West Shelf Off Australia (June 4, 2013)
|
|
|
Ichthys LNG Project Secures New Shipping Vessels (June 4, 2013)
|
|
|
Marubeni, INCJ Establish Seajacks Japan to Develop Offshore Wind Market (June 3, 2013)
|
|
|
Mitsui Becomes Master Developer in Malaysian Smart City Development (May 31, 2013)
|
|
|
ITOCHU Participates in U.S. Next-Gen Biodiesel Fuel Production (May 23, 2013)
|
|
|
JGC Awarded FEED Contract for Large-Scale LNG Plant in Canada (May 22, 2013)
|
More Alternative Energy news...
|
|
