SOWITEC & Cubico Ink Deal for 800 MW Renewable Energy Projects in Mexico

• SOWITEC and Cubico Sustainable Investments have signed a contract for the development of renewable energy projects in Mexico with a capacity of 800 MW.
• The projects include three advanced projects, one hybrid project, and two solar projects, with a total capacity of 630 MW.
• The expansion of the Mexican electricity market and renewable energies has slowed down significantly under the current government.
• Private companies have faced obstacles such as delays in approval processes, transmission restrictions, policy changes, and reduced profitability.
• However, there are clear indicators that the private sector will once again actively participate in the development of renewable energy after the upcoming presidential elections in 2024.
• SOWITEC operates in 12 countries and has a successful portfolio of over 60 wind and solar projects, totaling nearly 3,000 MW.

SoWiTec group 8,00 % bis 03/28

+1,14 %

+1,14 %

+8,54 %

+4,71 %

-10,57 %

-11,23 %

-11,23 %

-11,23 %

-11,97 %

ISIN:DE000A30V6L2WKN:A30V6L

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