Blue Earth to buy 273 MW of projects in Mexico

Renewable energy and energy efficiency services company Blue Earth, Inc. (Henderson, NV) announced that it has signed a letter of agreement with an undisclosed party in Mexico under which Blue Earth will gain exclusive rights to acquire 273 MW of projects under development in various parts of that country. The projects consist of four utility-scale solar projects amounting to 105 MW of capacity and two utility-scale wind projects amounting to 168 MW of capacity. Under the terms of the agreement, Blue Earth has approximately two months to perform all due diligence on the projects, including the permitting, the determination of project costs and construction schedules, the identification of strategic partners, and the negotiation of power purchase agreements. “We are very excited about the possibility of moving forward on these utility-scale projects and expanding into the Mexican market, which has implemented regulatory measures that will facilitate and subsequently increase renewable power generation in the country,” said Ruben Fontes, president of Blue Earth Solar.