MEXICO POWER GROUP GROWS MEXICO'S RENEWABLE ENERGY PORTFOLIO

Mexico Power Group and Volkswagen Mexico announce agreement for 130 MW of wind power

Mexico Power Group takes another step forward in helping Mexico achieve its renewable energy goals and economic prosperity.


"Baja California-headquartered Mexico Power Group, which spun off from San Diego-based Cannon Power Group in 2011, signed an agreement this month to supply wind-generated electricity to Volkswagen's decades-old assembly plant in Puebla and a VW engine manufacturing facility in Guanajuato state."

- UT-San Diego, "Wind prospectors delve into Mexico," September 12, 2013: http://m.utsandiego.com/news/2013/sep/12/wind-prospectors-delve-Mexico/

At an event held in Zacatecas Mexico on September 4, 2013, Mexico Power Group and Volkswagen Mexico announced, with Secretary of Energy Pedro Joaquin Coldwell, Governor of Zacatecas Miguel Alonso Reyes, Mayor of Zacatecas Arnoldo Rodriguez Reyes, and executives from Mexico Power Group and Volkswagen Mexico present, a 20-year agreement for Volkswagen Mexico to purchase 130 megawatts (MW) of renewable energy from Mexico Power Group's La Bufa wind farm under development in Zacatecas, Mexico.

Footage of the event can be found here (English version available upon request): https://mexico.app.box.com/s/dpst6fvexit1o5h2b367

In a statement, Mexico President Enrique Pea Nieto applauded this partnership and its success in helping Mexico achieve its 35% renewable portfolio standard by 2024. Read President Pea Nieto full announcement here: http://www.presidencia.gob.mx/convenio-entre-mexico-power-group-y-volkswagen-de-mexico/

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