Canada-based solar photovoltaic (PV) energy projects developer SkyPower and Mexican energy company Grupo Uribe have agreed to form a joint venture (JV) for the strategic development of solar energy in Mexico.
Expected to be the single largest solar development company in Mexico, the JV will focus on developing integrated pipeline of utility-scale solar PV projects in the country.
The decision is a part of the efforts of SkyPower and Grupo Uribe to provide renewable energy that will contribute to the Mexican Government’s goals to meet the power demands.
SkyPower CEO and president Kerry Adler said: "SkyPower is truly excited to be a part of this historical change in the energy sector for Mexico, which will undoubtedly create new jobs and stimulate economic growth and development in both rural and urban communities around the country.
In order to implement large-scale solar development opportunities, the joint venture will leverage the SkyPower’s global experience in developing utility-scale solar parks and Grupo Uribe’s presence in the Mexican energy sector.
Grupo Uribe official Fabian Uribe said: "Our collective strengths will allow us to harness the vast solar energy potential in Mexico with agility and speed."
Mexico has already committed to diversify its energy supply mix in a bid to rapidly advance with energy reform.