US firm Pattern Development, the parent company of Pattern Energy, has signed an agreement with Mexico’s Cemex Energía to create a joint venture aimed at building renewable projects in Mexico.  

The two companies’ plans focus on solar and wind plants. Together, the firms aim to install 1000 MW of renewable power capacity in Mexico “within the next five years”, according to Mike Garland, president of Pattern Energy.

Mexico’s recently approved energy reform seeks to generate 35 per cent of the nation’s energy mix from renewable sources by 2024.