SkyPower Establishes a Joint Venture for Entering into Mexico

published: 2015-08-10 18:40 | editor: | category: News

SkyPower and Grupo Uribe, a Mexico-based energy company, have formed a new joint venture targeting at Mexico’s solar energy market. The JV will be the single largest solar development company in the nation and will focus on the development of an integrated pipeline of utility-scale solar PV projects across the country.

Mexico has one of the fastest growing economies in the Americas and is committed to diversifying its energy supply mix in order to rapidly move forward with energy reform. SkyPower and Grupo Uribe are committed to providing renewable energy solutions that will support the Government of Mexico's ambitious goals to increase energy accessibility for Mexicans and feed its growing manufacturing sector.

The combination will leverage SkyPower’s global experience in developing utility-scale solar parks and Grupo Uribe’s credible presence in the Mexican energy sector, enabling the joint venture to rapidly deploy its capital and resources in order to immediately execute on large-scale solar development opportunities to align with Mexico's demand for solar.

Charles Cohen, Executive Vice President and Global Head of Development said, "This is another remarkable moment in the history of SkyPower and it makes me proud to see this joint venture between two incredible companies who are committed to making a positive difference in addressing issues related to climate change and providing access to electricity for those who need it the most."

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