MADRID - Union Fenosa, Spain's third-biggest electricity company, will invest in nonpolluting electricity generators in Mexico, with a view to supplying power to California, the company said.
Union Fenosa's vice president, Honorato Lopez Isla, made the announcement after an annual general meeting of Union Fenosa shareholders. He told journalists the company would invest around EUR 600 million (US$808 million) in a project based near La Rumorosa, in northern Baja California, according to company spokeswoman Ines Garcia Paine.
....Union Fenosa intends to capitalize on California's requirement for ''green'' energy by exploiting Mexico's 2,700 hours per year of useful sunlight, Lopez Isla said.
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