Fisterra Energy sells Ventika to IEnova for $900 million

Client(s) Fisterra Energy

Jones Day advised Fisterra Energy, a subsidiary of The Blackstone Group, on Mexican law matters in the approximately $900 million sale of Ventika, a Mexican wind farm, to IEnova, a Sempra Energy subsidiary in Mexico.

The Ventika wind energy complex is comprised of two wind farms located adjacent to each other, about 35 miles from the U.S. border in the northern Mexican state of Nuevo Leon. Featuring 84 turbines, the project is said to be the largest wind farm of its kind in Mexico and one of the largest in Latin America.