SPIC closes takeover of Zuma Energia in Mexico

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

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. 

List of the country updates

Country updates

  • November 26, 2020

    CGN Brasil Energia signs PPA deal with Bolt Energy for 195 MW Lagoa do Barro wind complex

    Bolt Energy has closed a long-term contract with CGN Brasil Energia e Participações, an arm of China General Nuclear Power Group (CGN) for the 15 MW power supply of renewable energy for...

    Read more
  • November 25, 2020

    Canadian Solar signs PPA for a total of 862 MW solar projects in Brazil

    Canadian Solar Inc. has signed a power purchase agreement (PPA) with BTG Pactual and it was awarded two projects in a private auction by Furnas Centrais Elétricas for a total of 862 MWp in sola...

    Read more
  • November 17, 2020

    Neoenergia starts the construction of the 566.5 MW Oitis wind farm complex in Piaui and Bahia

    Neoenergia SA has started the construction of its 566.5 MW Oitis wind complex located in Casa Nova town, Bahia state, Brazil. Oitis wind complex is made up of 12 wind parks and consists of about 103...

    Read more
  • November 03, 2020

    Atlas Renewables secures construction fund for 187 MWp solar PV project in Juazeiro

    Atlas Renewable Energy has obtained a US$67 million loan from IDB Invest, and from DNB Bank ASA (Norway) to finance the construction of Jacaranda, a 187 MWp solar project being developed by Atlas Rene...

    Read more
  • November 03, 2020

    BNDES to provide BRL1.1 bn for 505 MW solar project development in Brazil

    The Banco Nacional de Desenvolvimento Economico e Social (Development Bank of Brazil) is set to provide up to BRL1.1 billion (US$195.7 million) of loans to support the development of two solar project...

    Read more

Share this update