Mexican clean power projects expected to follow Three Amigos pledge
Posted Jun 28, 2016 1:17 pm.
This article is more than 5 years old.
A Canadian company considering building a hydroelectric power project in southern Mexico is applauding a reported decision to increase clean power generation in North America that’s expected to be announced at this week’s Three Amigos summit in Ottawa.
Chief operating officer Siegfried Kiefer of Calgary-based Atco Group (TSX:ACO) says a commitment by leaders of Canada, the United States and Mexico to work toward generating at least half of their electricity from renewable sources by 2025 would boost opportunities for his company.
Kiefer said Atco is already helping Mexico build cleaner power through projects overseen by its 28-person regional office in Mexico City, including putting together a potential bid to build a hydroelectric project in southern Mexico
He wouldn’t give any details on size, location or cost due to concerns over tipping off competitors, but said the project would be submitted to an electricity auction managed by Mexico’s federal electricity commission.
In the first such auction earlier this year, Guelph, Ont.,-based Canadian Solar won the right to build a 63-megawatt solar project in north-central Mexico expected to be commissioned in 2018. The deal comes with a 15-year guaranteed price for the electricity.
Clean energy and climate change are expected to be the focus when President Barack Obama, Prime Minister Justin Trudeau and Mexico’s Enrique Pena Nieto meet Wednesday in Ottawa.
