EDF Energies Nouvelles SA (EEN), a French renewable energy developer, has agreed to buy two wind projects totaling 324 megawatts in the south of Mexico as it seeks to expand into the Americas.
The first project, Eoliatec del Istmo, will have a capacity of 164 megawatts, and the second, Eoliatec del Pacifico, will have a capacity of 160 megawatts, the Paris-based company said in a statement distributed by Business Wire today. The purchase price wasn’t disclosed.
EDF Energies Nouvelles generated 34 percent of its revenue from power plants in the Americas and 66 percent from Europe in 2010, according to information compiled by Bloomberg.
The company already operates a 67.5-megawatt wind farm in Oaxaca, the same state where the projects will be built, EDF Energies Nouvelles said.
Bought from Madrid, Spain-based wind and solar developer Eolia Renovables de Inversiones through EDF's Mexican unit, the projects are expected to start generating power by 2013, according to the statement.
