Fomento Economico Mexicano SAB (Femsa), a beverage company in Latin America and Macquarie Capital agreed to buy a 396 MW wind farm in the Mexican state of Oaxaca from units of Preneal SA for 1.06 billion pesos ($89 million CAD).
Femsa will own a 45 percent stake in the project, while Macquarie will own 22.5 percent and the remainder will be held by two Mexican infrastructure funds managed by Macquarie. Power from the project will be sold to Femsa and project partner Heineken NV through a 20-year power purchase agreement.
The wind farm will use 132 Vestas wind turbines.
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