General Electric (NYSE: GE) has just announced that it will be providing Santa Catarina, Mexico’s Comexhidro wind farm with eight 2.75-megawatt wind turbines.
When fully installed, this development will not only aid Santa Catarina’s efforts to run public lighting systems off clean energy, but it will also help reduce greenhouse emissions by the equivalent of 10,000 cars annually.
The project is undertaken by Comexhidro, a Mexican hydroelectric developer that is in charge of actual construction and has oversight over daily operations.
Funding comes from Conduit Capital Partners, which is an investment firm that specializes in private equity investments in the Latin American and Caribbean regions, particularly in renewable or independent power industries.
From GE’s press release:
“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 announcement was made at GE’s Mexico Wind Energy Forum. Mexico is seen as a major market for wind power development.
The Mexican Wind Energy Association has declared that the nation has in excess of 50,000 megawatts of wind energy potential.
GE has done much for the wind power industry. It has installed over 18,000 turbines all over the world—that comes out to 28 gigawatts of power.
GE has a particularly solid presence in Mexico, where it directly employs 4,600 people and an additional 8,800 through partnerships or joint ventures.
Based on its 13 manufacturing plants throughout Mexico, GE has developed several projects recently, which collectively produce around 2,000 megawatts. That’s enough to amply power up to 22 million households.