Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Chinese Company to Invest $600 MLN in Mexico’s Green Energy

Risen Energy Co expects to invest $600 million on the building of a new 300 megawatt solar photovoltaic power plant in the Mexican state of Durango.

The area is considered to be the world's strongest source of solar irradiation, or the measure of how much solar power is being produced in a location.

According to China's Ministry of Commerce, by the end of last year the entire investment between the two countries had amounted to $610 million.

Risen was given the official go-ahead on the deal by Ningbo Foreign Trade and Economic Cooperation Bureau.

Yuan Jianping, the . . .

Read Full Story

Related Posts

Mexican peso strengthens

Peso Pulls Back After Brief Move Above 18 Per Dollar

The peso recovered some ground after briefly trading above 18 per dollar, as higher oil...
Mexico’s electoral reform and the mechanics of trust

Can electoral reform curb cartel influence in Mexico

An explainer on Mexico’s electoral reform, focused on cartel leverage, campaign money, and whether the...
Mexico inflation hits 4.02% as core remains elevated

Mexico inflation hits 4.02% as core remains elevated

Mexico’s February inflation hit 4.02%, but grocery spikes and service costs help explain why many...
Shield of the Americas and Mexico’s sovereignty leverage

Shield of the Americas and Mexico’s sovereignty leverage

Mexico faces a new U.S.-led cartel coalition that tests its sovereignty, trade leverage, and room...