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Iberdrola Invests 365 Million in Mexico’s Energy Projects

13 September, 2012

After meeting with President Calderon in late January,Ignacio Galan,president of the Spanish energy firm Iberdrola,announced Iberdrola’s $365 million investment in Mexican energy projects for the year. These clean energy projects are beefing up the workforce and focusing on sustainability initiatives.

There are two energy projects planned for the investment. The first is construction of a cogeneration plant that will be erected in Salamanca,Guanajuato. Built through a partnership with the Federal Electricity Commission,the plant is expected to create 1,500 jobs directly. The project has been awarded through an international bid and construction should begin during the second half of this year.

The second project is the development of a wind park that is expected to generate more than 20 megawatts of electricity. The construction phase will employ over 500 workers and generate business for regional suppliers with previous investments in wind park equipment. This wind park will be the second around the Oaxaca area in the last two years.

President Calderon said he remains committed to promoting sustainable growth and helping Mexico continue to attract beneficial investments. He commended Iberdrola’s continuing confidence in the country’s clean energy prospects. The wind energy market has seen significant advances in Mexico. ProMéxico cites 6 projects in their investment portfolio for 2010,totaling more than 1.5 billion USD in sustainability investment. This is projected to create over 2,500 new jobs in wind energy,electricity generation,and parts manufacturing.

Iberdrola,a globally recognized leader in wind electricity generation,is the main Spanish energy group. They have over 33,000 employees in 40 countries worldwide and are one of the largest firms in the wind energy sector. Galan acknowledged that Iberdrola’s future growth will be concentrated in Mexico,along with Eastern Europe and Brazil.

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