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Mexico sees $14 bln in wind energy investment by 2018

Karla Salinas | 13.01.2015

Mexico expects some $14 billion of investment in wind farms between 2015 and 2018, which will more than triple installed capacity in the country, the energy ministry Pedro Joaquín Coldwell said on Monday.

Mexico expects some $14 billion of investment in wind farms between 2015 and 2018, which will more than triple installed capacity in the country, the energy ministry Pedro Joaquín Coldwell said on Monday.

Coldwell presented the "investments in wind energy in Mexico" plan — as yet unpublished — before the Mexican Wind Energy Association, AMDEE and other energy sector players.

As a kick-start, state utility CFE will develop eight projects totalling around 2.3GW, confirmed CFE director general Enrique Ochoa. The planned investment aims to raise Mexico's wind energy capacity from some 2,551 Megawatts (MW) to 9,500 MW, Coldwell told local radio.

Mexico's state-run electricity company CFE is due to oversee a sizeable chunk of the investment, aiming to develop eight wind parks generating 2,300 MW at a cost of some 52 billion pesos ($3.55 billion), the ministry said.

Coldwell said a mix of international and Mexican companies had pledged to help the country boost installed capacity.

The plan fleshes out the electricity reform law of December 2013, enforcing the liberalisation of all energy sectors and ending CFE's 75-year power generation and trading monopoly. That process involves ongoing work to create a wholesale electricity market, confirmed Coldwell.

Liberalisation will spur a wave of smaller developing outfits, AMDEE research coordinator Mauricio Velasco told Winpower Monthly.

Mexico depends heavily on oil and gas to power the country and is seeking to diversify its sources of energy.

Sources: Reuters.com  and windpowermonthly.com

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