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Sempra unit closes $900M deal for Mexican wind farm

A Mexican subsidiary of Sempra Energy has completed the acquisition of the Ventika I and Ventika II wind farms in Mexico for about $900 million, including the assumption of outstanding debt.

Infraestructura Energética Nova SAB de CV closed the transaction after winning approval from Mexico's antitrust commission, the Comisión Federal de Competencia Económica, on Dec. 14. With an installed capacity of 252 MW, the facilities are touted as the largest operating wind farm in Mexico, according to a Dec. 15 release.

The facilities, which are located next to each other, entered into commercial operations in April. The wind farms hold long-term, U.S. dollar-denominated agreements with commercial and industrial customers.

The Ventika projects were jointly developed by CEMEX, Blackstone Energy Partners and Fisterra Energy, which is majority-owned by funds managed by Blackstone Group LP. CEMEX will continue to serve as the manager of the facilities.