LOS ANGELES, CA / ACCESSWIRE / February 3, 2023 / International Endeavors Corporation 'IEC' (OTC PINK:IDVV) today commented on the Mexican Federal Electric Commissions announcement that phase one of their solar project will be operating in April 2023.
Mexico was urged to accelerate its transition toward renewable energy following Russias invasion of Ukraine las year, Marcello Ebard, Mexico Foreign Affairs Secretary said late Thursday.
Ebrard made these comments after visiting dozens of foreign diplomats near the U.S. Border to view a huge new solar energy project.
'Mexico is making a really great effort because it didn't consider (the shift to renewable energy and electric vehicles) would be so fast,' Ebrard said. The decisions made by the United States and Mexico in the past year to invest heavily in those areas 'didn't appear so near before the war.'
'We too have to change the focus,' he said. 'It has to go faster.'
Mexico will power up the first phase in a large solar energy project located near a beach resort that is popular with tourists who travel from the United States.
The $1.6 billion total project will generate 1,000 megawatts of electricity, enough to power approximately 500,000 homes. It will be Mexico's largest solar project.
Rows of solar panels are located in Puerto Penasco at the border of Arizona and California, where they tilt with the sun. They can be seen extending from the horizon above the sand, just below the Gulf of California. The project will eventually encompass 5,000 acres at the point where the desert flattens between rugged brown mountains, and the blue sea.
Juan Antonio Fernandez (the strategic planning director of the Federal Electric Commission) stated Thursday that the Federal Electric Commission intends to make the project's first 120 megawatts operational by April 29.
Sonora Gov. Alfonso Durazo was a former Cabinet minister with Ebrard and argued that Sonora should become the center for Mexico's electric car production. Sonora is home to 5 gigawatts total of solar power, and has the largest known lithium deposits in the country. This is a crucial component of electric vehicle batteries.
Ebrard said the plan represented a 'new model of development.'
'We're not going to be able to do that in all of the states at the same time,' he said. 'But we have to demonstrate that that idea can be real and is not wishful thinking.'
International Endeavors Corp, a Company currently developing a solar project in Baja Mexico was happy to see this announcement. Company Vice President Bill Martin stated 'IDVV began establishing a presence in Mexico and Latin America, taking the stance that these areas are going to have tremendous growth in both the short and long term. We believe that this announcement regarding Mexico's solar development will enable us to expand into other regions of Mexico faster than expected. Many areas of Mexico desire clean solar energy as well as a way to improve their ROI with crypto.'
International Endeavors Corporation ('IEC') is an alternative energy company that is centered on the marketing, sales, distribution, and installation of solar technology, battery storage, bi-directional charging and clean energy crypto mining rigs in the US and Latin America. We are focused on providing solutions to improve ROI to on & off grid clients. In addition to our main business, we are engaged in locating, acquiring and partnering with 'Eco Friendly' established companies, brands, and technologies in the green energy sector.
The Company currently is reporting its financial information on OTCMarkets.
Our filings can be seen at https://www.otcmarkets.com
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as 'anticipate,' 'if,' 'believe,' 'plan,' 'estimate,' 'expect,' 'intend,' 'may,' 'could,' 'should,' 'will,' and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. International Endeavors Corporation (IDVV) is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.
Bill Martin, Vice President
SOURCE: International Endeavors Corporation, Inc.
View source version on accesswire.com: https://www.accesswire.com/738060/Mexican-Federal-Electric-Commission-Solar-Project-To-Be-Operating-In-April