Construction begins on wind power project in Mexico

Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment and development in Latin America and the Caribbean, announced the beginning of construction of the 22 MW Eolica Santa Catarina wind farm project in northern Mexico.

Conduit acquired the project through the firm’s Latin Power III Fund, along with long-term partner Comexhidro SA de CV of Mexico, in late 2010. Asergen SC, a company affiliated with Comexhidro, is also managing the project. Santa Catarina will sell energy under long-term power purchase agreements with municipalities around the city of Monterrey.