Mexico Poised to Approve $12.5 Billion in Renewable Energy Projects

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Mexico’s state power utility is expected to approve up to 60 renewable energy projects, mostly solar, adding as much as 8.2 GW of generation capacity. The proposed projects could attract up to $12.5 billion in investment, though the final number approved may be lower.

Mexico’s state power utility is today set to greenlight as many as 60 alternative energy projects, most of them solar, that should add 8.2 GW in new generation capacity to the country’s total, according to an unnamed source that spoke to Bloomberg. The total investment in these projects could reach $12.5 billion. The projects set to be approved by the Federal Electricity Commission today may end up being fewer than 60, another source told Bloomberg, also wishing to remain unnamed. However many do get approved, they will go towards reaching…