SkyPower and Grupo Uribe Form Joint Venture for the Strategic Development of Solar Energy in Mexico


MEXICO CITY, Mexico, August 7, 2015

SkyPower, the largest developer of solar PV energy projects in the world, is pleased to announce the formation of a joint venture with Grupo Uribe, a leading energy company based in Mexico with over 50 years of experience serving households, businesses and industries. The joint venture will form the single largest solar development company in Mexico and will focus on the development of an integrated pipeline of utility-scale solar PV projects across the country. Mexico has one of the fastest growing economies in the Americas and is committed to diversifying its energy supply mix in order to rapidly move forward with energy reform.

SkyPower and Grupo Uribe are committed to providing renewable energy solutions that will support the Government of Mexico’s ambitious goals to increase energy accessibility for Mexicans and feed its growing manufacturing sector. The combined strength of SkyPower’s wealth of global experience in developing utility-scale solar parks and Grupo Uribe’s long-standing credible presence in the Mexican energy sector enables the joint venture to rapidly deploy its capital and resources in order to immediately execute on large-scale solar development opportunities to align with Mexico’s demand for solar.

“SkyPower is truly excited to be a part of this historical change in the energy sector for Mexico, which will undoubtedly create new jobs and stimulate economic growth and development in both rural and urban communities around the country,” said Kerry Adler, President and Chief Executive Officer of SkyPower.

“Grupo Uribe looks forward to this strategic partnership with SkyPower, a truly global company that is committed to deploying renewable energy solutions for Mexico,” said Fabian Uribe of Grupo Uribe. “Our collective strengths will allow us to harness the vast solar energy potential in Mexico with agility and speed.”

Charles Cohen, Executive Vice President and Global Head of Development said, “This is another remarkable moment in the history of SkyPower and it makes me proud to see this joint venture between two incredible companies who are committed to making a positive difference in addressing issues related to climate change and providing access to electricity for those who need it the most.”