Mitsubishi Snatches $1B Stake In Mexican Wind Farm

Law360, New York (February 24, 2012, 1:41 PM EST) -- Japan's Mitsubishi Corp. has scored a 34 percent stake in Latin America's largest proposed wind farm for $1 billion as part of its larger plan to become a major player in the global energy infrastructure market, the company announced Friday.

The deal partners Mitsubishi with investment company Macquarie Group Ltd. and Dutch pension fund manager PGGM to develop the 396-megawatt farm known as Mareña Renovables in Oaxaca, Mexico. It also positions the trading house to take a major leap into the renewable-energy sector, per its new...
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