IEnova agrees to buy Mexico's Ventika wind farm for US$850 mln

Mexico's Infraestructura Energetica Nova (IEnova) said on Monday it had agreed to buy 100 percent of the Ventika wind farm from subsidiaries of Blackstone and minority partners.

IEnova will buy the wind farm, which has installed capacity of 252 Megawatts and is in the northern state of Nuevo León, for US$852 million, including US$477 million of debt.

It hopes the transaction will close in the fourth quarter of 2016.