Mitsui Buys into Mexican Wind Farm

Mitsui has agreed to acquire a 50% stake in EDF’s Bii Stinu Mexican wind energy project, it says. The 164 megawatt farm in Oaxaca has a total project cost of MXP5.1bn ($399m), though Mitsui does not state the exact amount its MIT Renewables unit is to pay. The project is scheduled to begin operation in June, and has 15-year power purchase agreements with Arcelor Mittal Steel Lazaro Cardenas, Walmart Mexico, Grupo Modelo, Grupo Herdez and Continental Automotive Guadalajara.