Friday, February 24, 2012

Mitsubishi to acquire 34% of largest wind power project in Latin America

Japanese Mitsubishi Corp. announced on Friday it would buy a 34% percent stake in Mareña Renovable, a $1 billion Mexican wind power project with a total capacity of 396 megawatts, reports America Economia magazine.The project, located south-eastern region of the State of Oaxaca, will install 132 wind mills and is expected to start operations are set to start in July 2013.
Mitsubishi will work in Mexico with partners Dutch pension fund service provider PGGM and Macquarie Mexican Infrastructure Fundand, as announced the latest firm today