IEnova takes full stake in wind JV

IEnova takes full stake in wind JV

M&A Equity Project & Infrastructure Finance Energy Wind Gas Pipelines Mexico United States

IEnova, the Mexican subsidiary of US energy company Sempra Energy, said Friday that it spent $80 million to take full control of Energía Sierra Juárez, a wind power complex in the city of Tecate in Baja California. Saavi Energía, owned by British emerging markets investment firm Actis, previously owned 50% of Energía Sierra Juárez, while IEnova had the other 50%. IEnova agreed to buy out Saavi in January this year. The first phase of Energía Sierra Juárez is in operation with an installed capaci

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