Skip to content
Subscriber Only

Marersa to Start on 30 Megawatts of Mexico Wave-Energy Projects

Maremotrices de Energias Renovables, a Mexican builder of systems that generate electricity from the motion of waves, plans to start building 30 megawatts of projects in February that will save companies money on their energy bills.

Marersa, as the company is known, expects to receive $100 million of mezzanine equity from an investment bank throughout next year to help fund the development of the four plants, Director of Finance and Administration Rafael Ortiz Markivich said in a telephone interview without disclosing the name of the investor.