After two years spent developing renewable-energy projects in Brazil, the European Energy Group has made the decision to expand its activities to another country — Mexico.
Along with a local partner, European Energy plans to develop 1GW of PV and wind power in Mexico in the coming years. Of that 1GW of planned projects, 200MW currently have building permits.
European Energy CEO Knud Erik Andersen noted: “Mexico is a growing economy and the need for energy is rapidly increasing. As an experienced renewable energy developer, we perceive this as an opportunity to offer a competitive and green alternative to the Mexican energy market.”