Innergex to study renewable energy in Mexico, including hydropower

Canada’s Innergex Renewable Energy and Comision Federal de Electricidad in Mexico have signed a memorandum of understanding to study renewable energy project opportunities in Mexico, including hydropower.

The main purpose of the agreement -- signed on Oct. 13 -- is to coordinate efforts and develop activities allowing Innergex and CFE to define their joint participation in the development of prospective renewable energy projects, particularly hydro plants with a capacity of less than 200 MW.

“We are extremely pleased to be collaborating with CFE to develop renewable energy capacity in Mexico and we look forward to leveraging our unique expertise, especially in small hydro development and operation,” says Michel Letellier, president and chief executive officer of Innergex.

Innergex develops, owns and operates run-of-river hydro facilities, wind farms and solar photovoltaic farms and carries out its operation in Quebec, Ontario and British Columbia in Canada and Idaho in the U.S. Its total portfolio has a capacity of 687 MW and includes 26 hydropower facilities.

CFE is a government enterprise that produces and distributes electricity for more than 38.5 million customers. Its installed capacity of almost 55,000 MW is comprised mainly of gas, coal and large hydro facilities, as well as some wind and solar.

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