New Joint Venture Expands Wind and Solar Project Development in Mexico

Wind and Solar Project Development in Mexico
Recent reforms in Mexican energy laws, including a mandate for 35% of generation to come from clean sources by 2024

Wind and Solar Project Development in Mexico ( Solar Thermal Magazine)

Pattern Energy Group Inc. today, signed a joint venture agreement with CEMEX Energia, to jointly develop renewable energy projects throughout Mexico. The joint venture increases pipeline of development projects, which are subject to Pattern Energy’s ROFO rights.

Mike Garland, President and CEO of Pattern Energy had this to say:

Through this strategic partnership with CEMEX Energia, Pattern Development has set a goal of jointly developing 1,000 megawatts of renewable generation in Mexico over the next five years.

Mexico is a natural expansion market due to Pattern Development’s headquarters in Houston and its team’s experience in developing over 1,000 megawatts of wind projects in California, New Mexico and Texas. We enter the rapidly growing renewable energy market in Mexico with a strong and experienced local partner in CEMEX, a global leader in building materials with a successful track record of developing projects in Mexico.

Recent reforms in Mexican energy laws, including a mandate for 35% of generation to come from clean sources by 2024, create significant opportunities for development of Mexico’s substantial wind and solar resources.

 

About Gordon Smith
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.