wind turbines Thermion Energy to build more.

Mexican firm invests in solar, wind energy

Thermion Energy will spend US $2 billion on 10 projects

Mexico-based Thermion Energy is planning to invest US $2 billion in 10 renewable energy projects during the next three to five years.

Company president Alberto Garza Santos said the 10 projects amount to a power generation capacity of 1.2 gigawatts, which could increase to 1.7.

The projects will be in the states of Coahuila, Guanajuato, Nuevo León, Sonora and Tamaulipas. Company CEO René Maingot van Beers said eight would be wind farms and the other two will be solar arrays.

Maingot said an average of $200 million would be invested in each of the eight wind farms.

“Our investment thesis focuses on supplying [energy] to industrial and commercial firms,” he added.

That thesis will allow the power generation and distribution company to consolidate and continue growing, as the opportunities in the renewables market are large: projections indicate that during the next few years the market will represent $182 billion in investment.

Source: Milenio (sp)

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