Private equity firm First Reserve Corp. and energy developer Renovalia Energy have acquired two wind power plants in Mexico for an undisclosed amount.

The two made the deal through their joint venture, Renovalia Reserve, a partnership between First Reserve Energy Infrastructure Fund I and Renovalia Energy. This is the first North American investment for the JV, which had previously invested in Europe.

One of the wind plants has been operationing since June 2012, while the second is currently under construction. It is expected to be finished in 2014. Both are located in Oaxaca. Grupo Bimbo is among the operational wind plant’s notable customers.

Renovalia Reserve was formed in 2011 to own and operate a wind farm portfolio in Europe and North America. The JV already operates six onshore wind projects in Spain and one in Hungary.

First Reserve Energy Infrastructure Fund I closed in 2011 with $1.23 billion in committed capital. The fund has seven investments that are focused on contracted power, midstream energy, transmission and distribution. First Reserve, headquartered in Greenwich, Conn., focuses on investments in the energy sector.

Madrid-based Renovalia Energy is a renewable energy power producer that focuses on wind, solar and hydro energy.

Several alternative energy deals have been announced this month. On April 22, ABB (NYSE: ABB) agreed to buy Power-One, a solar energy company, for about $1 billion. On April 10, First Solar Inc. (Nasdaq: FSLR) said it would buy TetraSun, a company that makes technology for solar panels, for an undisclosed amount. And on April 8, EDF En Canada Inc. and Enbridge Inc. (TSX: ENB, NYSE: ENB) announced they would buy the Blackspring Ridge Wind Project in Alberta, Canada, for $600 million. 

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