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China State Power Investment Corporation acquires 818,000 kilowatts of clean energy projects in Mexico

Zuma Energy is Mexico’s leading clean energy independent power producer, focusing on the development, financing, construction and operation of clean energy projects. It currently has 4 new energy power stations in operation with a total installed capacity of 818,000 kilowatts, and 4 power stations are located in Mexico Areas with better scenery resources.

At the end of 2018, SPIC put forward the strategic goal of building a world-class clean energy company with global competitiveness by 2035 (referred to as "2035 First-Class Strategy"). Participating in international market competition is the only way for SPIC to realize the "2035 First-Class Strategy". As the main platform for overseas development of SPIC, China Power International is committed to becoming an international clean and low-carbon energy investment platform, an international comprehensive smart energy development platform, and an international advanced energy technology introduction platform.

As of the end of October 2020, SPIC's installed power capacity reached 165 million kilowatts, and clean energy installed capacity accounted for 53.3%. It is the world's largest photovoltaic power generation company and a large-scale integrated energy company with the highest proportion of clean energy in my country. After the acquisition of the new energy project in Mexico, SPIC has an overseas power generation capacity of 6.058 million kilowatts, 70% of which is clean energy, and its overseas business covers 46 countries, including 37 countries along the “Belt and Road”.

On November 19th, China Power International Co., Ltd. ("China Power International"), a subsidiary of State Power Investment Corporation, successfully completed the acquisition of Zuma Energía ("Zuma Energy"), a large-scale clean energy platform company in Mexico. This is the first major direct investment of a Chinese power company in the Mexican power market, and it is also the largest renewable energy M&A project completed in Latin America this year.