Mexico attracts huge Spanish investment

• 9 years ago (2015-01-14)
• Junior Isles

North America 1004 Renewables 757

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Spanish companies Iberdrola, Gamesa and Acciona plan to invest nearly $14 billion in Mexico’s energy industry over the next three years.

The plan would boost Mexico’s installed generating capacity by more than 9500 MW.

Iberdrola plans to invest up to $5 billion said Alvaro Portellano, director of regulatory affairs for renewable energy of the Spanish utility’s Mexican subsidiary. Eduardo Andrade, Iberdrola’s corporate director for Mexico, said that the investment would go into natural gas and renewable energies.

Speaking at a joint press conference Hipolito Suarez , director of Gamesa for Mexico and Central America, said the company would invest $950 million in new wind farms, $500 million in supplier development and $6 million in a service centre.

“We are building three (wind) farms with a rough capacity of 2000 MW a year,” said Miguel Angel Alonso Rubio, Acciona’s general director.