MEXICO TO PUT 46BIL IN WIND

Mexico Planning $46 Billion Coast-to-Coast Wind-Energy Push

Vanessa Dezem and Adam Williams, October 21, 2015 (Bloomberg News)

“Mexico is planning to quadruple its wind-power capacity as part of President Enrique Pena Nieto’s effort to transform the country’s energy industry…The country expects to have about 10 gigawatts of turbines in operation within three years spread across almost every region, up from 2.5 gigawatts in 2014…A total of 22 gigawatts of wind power will be added over the next 25 years, requiring $46 billion in investment. The wind push is due to…Mexico’s historic shift from a state-controlled energy monopoly, and its efforts to transform a grid that relies on fossil fuels for three-fourths of the nation’s electricity…[Mexico] was the first developing country to submit its plan to reduce carbon emissions before a United Nations conference in Paris in December…[It] pledged to reduce 22 percent of its greenhouse gas emissions by 2030…[Renewables] will jump to 51 percent of total installed capacity by 2040, from 14 percent now…” click here for more

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