ENVISION Completes Acquisition of a 600MW Portfolio of Wind Power Projects in Mexico and Signs a Strategic Alliance with ViveEnergia

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Oct 14, 2015, 08:32 ET

GUADALAJARA, Mexico, Oct. 14, 2015 /PRNewswire/ -- Envision Energy, the world's leading smart energy solution provider, has completed the acquisition of a controlling stake in a portfolio of more than 600 MW developed by ViveEnergia (www.viveenergia.com), one of Mexico's leading firms in the renewable energy sector, with the aim to commissioning its first wind farm by the end of 2016.

"Mexico is one of the most promising markets in the Americas for wind power generation in the coming decade, not only a result of the energy reform but also given its untapped wind resources, viable projects and off-takers, as well as the interest of equity sponsors and lenders," said Felix Zhang, Envision's Executive Director.

"This investment is considered China's largest direct investment in Mexico in the renewable energy space and will take advantage of bilateral cooperation agreements and lines of credit that are in place," said Rafael Valdez Mingramm, Envision's Director for Latin America & the Caribbean, during the 9^th China Latin America Business Summit that took place in Guadalajara, Mexico and ended today.

Under the terms of the strategic alliance entered with ViveEnergia, the consortium will bring current portfolio into a 'ready to build' stage by the end of this year and initiate construction of the first wind farm early next year. A goal of 1.5GW of projects developed and in operation has been set by 2020.

About Envision Energy:

Envision Energy (http://www.envisioncn.com/en/index.aspx) is the world's leading smart energy solution provider whose offerings include smart wind turbines, smart energy management software and smart energy technology services. Over 5GW of Envision Smart wind turbines are in operation and more than 20 GW of renewable energy assets worldwide managed by Envision Wind OS and Apollo Solar OS.

With regional offices across Asia, Europe, North and Latin America, and an established Global innovation Center in Denmark and the US, Envision Energy aims to enable solar and wind to become the primary energy sources by 2025, by using the latest IT and communication technologies to transform the conventional energy world.

SOURCE Envision