- Business segments
SOWITEC is active as a project developer for renewable energy in the Mexican market since 2008. In the same year, the Mexican subsidiary SOWITEC de Mexico was founded, which now counts more than 50 employees. Through a 1,000 MW project development arrangement with Italian Energy Utility Enel in 2009 and the 2011 cooperation agreement with Banco Santander for the joint development of a 740 MW wind project portfolio, SOWITEC has occupied a strong position as project developer in the market with a pipeline in access of 6,000 MW in total. Beginning of 2013, development completion of the first 200 MW project had been reached and transferred to the investing partner. The construction will commence later this year.
The running year’s further achievements include the finalisation of the critical environmental and social impact assessment process which leads to the granting of the necessary permissions for four projects in the regions Coahuila, Nuevo León and Zacatecas totalling a future capacity of more than 1,000 MW. The wind farms are planned to go operational as early as by the end of 2016. This particular development step is known as one of the most critical stages in the development process and has been completely conducted internally by SOWITEC’s expert teams. So far SOWITEC Mexico has successfully obtained a total of nine environmental studies for which the Mexican Ministry of Environment SEMARNAT (Secretaria de Medio Ambiente y Recursos Naturales) has issued the corresponding permits.
As Mexico has doubled its installed wind capacity up to 1,290 MW in 2012 and Mexico’s Wind Energy Association AMDEE has set a target of 15 GW until 2020, the market provides a sustainable potential for renewable energies in the upcoming years. SOWITEC’s activities in Mexico are promoting the company’s aim remaining one of the leading project developers in Latin America.
Besides Mexico, SOWITEC is active in seven Latin American countries as well as Russia, Kazakhstan and Saudi Arabia with a total pipeline of some 50,000 MW of wind projects and additional 2,500 MW of solar projects.