SPIC closes takeover of Zuma Energia in Mexico
Date
December 03, 2020
Type
M&A Transactions
Subtype
Transaction completed
Countries
Brazil
Subsectors
Photovoltaic
Onshore Wind
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China’s State Power Investment Corporation (SPIC) has completed the acquisition of Mexico's largest independent power producer Zuma Energia through its unit, China Power International Holding Limited (CPIHL).
Zuma Energia has a total installed capacity of 818 MW from two solar projects in Sonora and Chihuahua and two wind projects in Tamaulipas and Oaxaca.
The financial details of the deal were not disclosed.
