General Electric (NYSE: GE) will provide the Mexican hydroelectric company Comexhidro with eight 2.75-MW wind turbines that will generate clean energy for public lighting in the municipality of Santa Catarina, Nuevo León. Comexhidro, the Mexican hydroelectric company, is leading the project’s construction and operation and Conduit Capital Partners is investing in the project.
“Through the perfect combination of GE’s technology and innovative solutions, combined with our local knowledge and experience of the grid, we will be able to offer important environmental benefits and a technological solution to meet the needs of the community for an efficient and sustainable energy supply,” said Carlos Jinich, general manager, Comexhidro.
The wind farm will help Santa Catarina, Nuevo León, reduce greenhouse gas emissions equivalent to the amount produced by 10,000 cars a year.
The project was announced on July 26 at GE’s Mexico Wind Energy Forum, where civic and industry leaders discussed the opportunities and challenges of wind power in Mexico. The Mexican Wind Energy Association estimates the country’s wind energy potential at more than 50,000 MW according to a news release.
GE is marking a decade in the wind industry with more than 18,000 wind turbines installed worldwide that generate 28 GW. In Mexico, GE employs more than 4,600 people, 8,800 more through its joint ventures and has 13 manufacturing plants.
Conduit Capital Partners is an investment firm focused on private equity investment opportunities presented by the independent power producer industry in Latin America and the Caribbean.