Actis and Mainstream’s JV secured $410m for the 300MW Sarco and Aurora wind farms, which will generate cheaper electricity than fossil fuel alternatives.
Tag Archives | Latin America
The manager says the 424MW project will be Mexico’s largest wind farm to date.
The investment bolsters its position in Latin America after deals in Colombia and Aruba.
Echoenergia, the firm’s fifth energy platform in Latin America, is a follow-on to a previous venture focused on wind assets in Brazil.
The $44m deal will see Italian developer Astaldi sell its minority stake to Pacific Hydro, a platform the Chinese utility acquired from IFM Investors last year.
Infrastructure comprises $27.6bn and 42% of its new real assets portfolio, with real estate holdings making up the rest.
The company already has a portfolio of more than 20 solar and wind projects in various stages of development in the country.
BNDES, along with Banco Santander and Bradesco in Brazil, has agreed to plug $31m into the Ventos do Araipe 3 wind project.
A US energy group is paying $852m, included debt, for the 252MW Ventika wind project.
Overseas specialists are setting up shop in the country as it aims to add 1GW of renewable capacity per year over the coming decade.