Mexico plans to ask US for up to $48B for solar projects

Published December 20, 2022 3:01 PM

MEXICO CITY (AP) — Mexico plans to ask U.S. President Joe Biden for as much as $48 billion in financing for solar projects. Foreign Relations Secretary Marcel Ebrard said Tuesday the request will be presented to Biden at the upcoming Jan. 9-10 meeting of U.S., Canadian and Mexican leaders in Mexico City. Mexico hopes to build solar energy parks in the northern border state of Sonora, along with power transmission lines. Mexico has hopes to secure some of the funding from the North American Development Bank, or NADBank. The bank funds green development projects, but has never provided financing on anything near the scale Mexico is requesting.

Article Topic Follows: AP National Business

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