The Mexican government officially inaugurated on Friday the Los Azufres III Phase I geothermal power plant of 50 MW, installed in the state of Michoacan via a public tender.
The plant, worth some USD 70 million (EUR 62.8m), was built by Diamante Azufres SA de CV and is able to offset over 177,000 tonnes of greenhouse gas emissions per year.
Mexico's state-owned utility Comision Federal de Electricidad (CFE) is now planning the next Los Azufres III Phase II plant in the same area, with a 25-MW capacity.
Mexico has set a target to expand renewable and clean power generation to 35% of total electricity by 2024 versus 25% at present.
(USD 1 = EUR 0.897)
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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.