Mexico Power, subsidiary of San Diego-based Cannon Power, to invest US$2.5B to construct three Mexican wind power parks in Baja California, Quintana Roo, Zacatecas
July 8, 2011
– President Felipe Calderon’s announced the 2.5 billion dollar investment made by Mexico Power Group, a subsidiary of Cannon Power Group, for the construction of three wind power parks in Baja California, Quintana Roo and Zacatecas.
In the presence of senior executives of the leading renewable energy firm, governors and the Secretary of the Economy, the President stated that this investment shows the confidence global firms have for doing business in Mexico, a trust further evidenced by the 95 billion dollars directly invested into the country by foreign companies during the four years of the present government’s administration.
The President stated that this investment is also the result of environmental and energy policies implemented in recent years that have resulted in projects such as the three parks being built that will generate power for the country without compromising natural resources.
He stated that the project’s objective is to provide electricity to the country using less fossil fuels. He added that with appropriate action, in the long term Mexico will be able to prevent atmosphere contamination by using clean sources of energy.