Relevant Milestones

  1. In July 2013, Fisterra Energy signs an Investment Agreement with Cemex under which it would acquire, subject to certain conditions, a 70% stake in a 252MW wind farm located in Nuevo León, Mexico.
  2. In January 2014, Ventika signs its first power purchase agreement (PPA). Ventika signs the remaining PPAs in the following months, covering all the project’s capacity.
  3. In Abril 2014, Ventika achieves financial close.
  4. In February 2015, Energía Buenavista S de RL de CV, an affiliate of Fisterra Energy, obtains from the Energy Regulatory Commission, the first exclusive authorization to import electrical energy to Mexico. Such authorization allows the import of electricity from Frontera CCGT, located in the US and interconnected exclusively to the National Electric System. The authorization is valid until the entry into operation of the Wholesale Electrical Market.
  5. In May 2015, Frontera CCGT starts exporting energy to Mexico to major Mexican industrial customers in the form of exclusive import to the National Electric System dedicating one turbine out of three to the Mexican Electricity Maket.
  6. In December 2015, Fisterra Energy opens a new state of the art premises in the financial center of Mexico City.
  7. In December 2015, Frontera México Generación S de RL de CV, an affiliate of Fisterra Energy, obtains from the Energy Regulatory Commission, the first exclusive authorization to import electrical energy to Mexico. Such authorization allows the import of electricity from Frontera CCGT, located in the US and interconnected exclusively to the National Electric System. The authorization is valid from the entry into operation of the Wholesale Electricity Market.
  8. In December 2015, Energy Buenavista S de RL de CV, an affiliate of Fisterra Energy, obtains by the Energy Regulatory Commission, the first Permit of energy Qualified Supplier to provide the qualified supply service valid from the entry into operation of the Wholesale Electricity Market for a term of thirty years.
  9. In February 2016, Frontera México Generación S de RL de CV, an affiliate of Fisterra Energy participates in the Wholesale Electricity Market as generator.
  10. In March 2016, Fisterra Energy launches its commercial brand Ektria as the vehicle to commercialize energy related products and services to end users consumers in Mexico (www.ektria.com).
  11. In February 2016, at the same time as the liberalization of the Mexican Electricity Market started, Fisterra Energy launches the first market Newsletter in Mexico which is published on a weekly basis. (www.ektria.com/newsletter)
  12. In April 2016, Ventika declares commercial operation date and starts selling energy to its off-takers, one month ahead of schedule.
  13. In September 2016, Ventika´s inauguration ceremony presided over by the President of the Mexican Republic Mr Enrique Peña Nieto takes place. (https://www.youtube.com/watch?v=QCWEMKzXZzg)
  14. In October 2016, Ektria signs the first Generation Representation Contract in Mexico under the new Electricity Act by which Frontera México Generación channels any third party energy generated at their generation facility to the wholesale market. This was with Grupo Bafar (bafar.com), one of the most important processed food groups in the country, for the supply of its 9 MW cogeneration plant.
  15. In November 2016, Fisterra Energy finishes the infrastructure works to disconnect Frontera Power Plant from Ercot in the USA and connect and dedicate 100% of the CCGT (three turbines adding 540 MW) to the Mexican Electricity Market.
  16. In November 2016, Ektria launches the first Electricity Swap (contract for difference) in Mexico creating the first forward curve covering up to five years’ prices.
  17. In November 2016, Fisterra Energy signs the first bilateral transaction between two participants of the Wholesale Electric Market, by means of which CFE can buy electricity at competitive prices with little exposure to the volatility of energy costs.
  18. In December 2016, Fisterra Energy closes the sale of 100% of Ventika´s wind farm to IEnova, Sempra´s Mexican unit
  19. In May 2017, Ektria organizes the I Risk Management Seminar in the Electricity Market.
  20. In June 2017, Tierra Mojada achieves financial close.
  21. In September 2017, Fisterra Energy closes the sale of 100% of San Fernando and Orejana PV plants to Zuma.