in News Departments > Projects & Contracts
print the content item

Iberdrola and the Mexican Federal Electricity Commission, a government-owned electric utility, have entered into a collaboration agreement for the completion of joint renewable and conventional generation projects. In addition, the two companies will exchange information on implementing new technologies and managerial experiences.

Iberdrola says the agreement strengthens its commitment to Mexico, where it has an operating capacity of over 5.2 GW in wind farms and combined-cycle power plants. To help develop this agreement, the company plans to boost its presence in the Mexican energy market by investing some $5 billion between this year and 2018.

Iberdrola says its willingness to invest in Mexico is based on the good prospects of the country's Energy Reform, under which the government calls for about $25.5 billion in investment for electricity generation alone by the year 2020.




Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032