Wind energy projects in Mexico receive $2.5bn investments

Cannon Power Group invested $2.5 billion in wind farms that could generate up to 300 MW of electricity in Mexico, according to Reuters.

Cannon plans to build a project in the Baja Peninsula of California along with a plant in the central state of Zacatecas and in southern Quintana Roo. The Mexican president was quoted in the article as saying the investments would help the country reach 200 MW of wind capacity and $100 billion in foreign investments by 2012.

Calderon reportedly wants to expand the use of wind, hydro, solar and other green energy sources to reach 26 percent of national demand by 2012, up slightly from the 23 percent used in Mexico when he took office in 2006.

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