Thermion, an independent clean energy power producer and supplier to corporate customers, has completed its third acquisition: a 171-MW self-supply wind project in Los Molinos, from Comexhidro, a Mexican power developer.
The project will be constructed in the state of Tamaulipas, Mexico. This transaction is in addition to Thermion’s other two self-supply wind and solar project acquisitions (117 MW of wind and 48 MW of solar) completed in late 2017 — bringing Thermion’s current controlled project capacity in Mexico to 348 MW.
Construction of all plants is anticipated to commence between the fourth quarter of 2018 and the first quarter of 2019.
“We are delighted to have completed the acquisition of our second wind project in the state of Tamaulipas, where we aim to develop, build and operate one of the most relevant wind farm complexes in America to deliver reliable renewable energy to our pipeline of corporate customers throughout the country,” said Alberto Garza Santos, co-founder and Chairman of Thermion.
Thermion’s focus on the self-supply (auto-abasto) legacy regime projects allow it to provide competitive, and stable-priced electricity to its customers for 20 years, reducing their exposure to the volatility of long-term electricity prices, eliminating exposure to carbon-based fuel prices and transferring the legacy benefits of lower transmission costs to its customers.
“Expansion and portfolio diversification is not our only focus; our team is focused on working with our customers to understand their current and future energy procurement challenges, from efficient use of energy to electric vehicles,” added Michael Bax, CEO of Thermion. Our aim is to be their long-term energy partner and adviser, offering sustainable low carbon solutions to all their energy needs,”
To date, Thermion’s 348 MW of wind and solar projects will reduce approximately 640 thousand metric tons of CO2 equivalent from the environment annually, equivalent to eliminating approximately 125,000 cars from the road.
Filed Under: News, Projects