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Envision Energy buys 600MW wind power projects in Mexico

CTBR Staff Writer Published 15 October 2015

Low-speed wind turbines manufacturer Envision Energy has acquired a controlling stake in a 600MW wind power portfolio in Mexico from ViveEnergia.

windfarm

The two companies have formed a strategic alliance that will bring the projects within the portfolio into a ready to build stage by the end of this year.

Construction on the first wind farm will begin early 2016, with plans to begin operations by the end of next year.

The companies are aimed at developing and commissioning 1.5GW of projects by 2020.

The acquisition is said to be China's largest direct investment in Mexican renewable energy industry so far, Envision said.

This investment will benefit from the bilateral cooperation agreements and lines of credit that are in place.

Envision Energy executive director Felix Zhang said: "Mexico is one of the most promising markets in the Americas for wind power generation in the coming decade, not only a result of the energy reform but also given its untapped wind resources, viable projects and off-takers, as well as the interest of equity sponsors and lenders."

The financial terms of the deal are not disclosed.

Besides manufacturing low-speed wind turbines, Envision also offers Greenwich, a cloud platform through a digital model structure controls and lowers risks arising from investments in wind farms.

It also offers Wind OS, a software operating system that minimizes lost energy and maximizes yield for wind farm assets, in addition to wind power forecast, lost-energy diagnosis of turbines, and online vibration surveillance.


Image: The companies are aimed at developing and commissioning 1.5GW of wind projects by 2020. Photo: courtesy of pakorn / FreeDigitalPhotos.net.