Daqo International and Gemex Energía Sign MoU to Advance Renewable Energy and Power Infrastructure Development in Mexico

Daqo Electric International Co., Ltd. ("Daqo International") and Gemex Energía, S.A.P.I. de C.V. ("Gemex Energía") have signed a Memorandum of Understanding (MoU) during Expo Eléctrica Internacional 2026 in Mexico City, establishing a framework for long-term strategic cooperation on renewable energy and power infrastructure projects across Mexico.

Under the MoU, the two companies will explore cooperation in renewable energy, power distribution, and industrial infrastructure development. Daqo International will support Gemex Energía's projects with integrated electrical solutions, including transformers, prefabricated substations, medium- and low-voltage switchgear, ring main units (RMUs), and busbar systems tailored to specific project requirements.

In addition to equipment supply, Daqo International will coordinate with its industry partners to provide technical services and system-level support based on project needs. Both parties will continue discussions on technical solutions, commercial arrangements, and cooperation frameworks, with project-specific implementation to be formalized through subsequent agreements.

Mexico is becoming an increasingly important energy market in Latin America, driven by growing renewable energy investment, industrial electrification, and the need for grid modernization. Against this backdrop, the cooperation aims to support efficient project delivery and provide reliable, scalable power infrastructure solutions suited to the demands of the evolving market.

Allen Duan, General Manager of Daqo International, said:"This MoU marks an important step in Daqo International's continued commitment to Mexico and Latin America. We look forward to working closely with Gemex Energía through practical cooperation, responsive technical coordination, and long-term local support as future projects move forward."

Gilberto Martinez Croda, General Director of Gemex Energía, said:"Gemex Energía is focused on advancing renewable energy projects that support Mexico's long-term energy transition. We value Daqo International's experience in power infrastructure solutions and look forward to exploring project opportunities where both companies can bring complementary strengths to the market.”

The signing further strengthens Daqo International's engagement with local partners in Mexico and across Latin America. Looking ahead, Daqo International will continue to build regional cooperation networks that support reliable project delivery, localized service, and the development of resilient power infrastructure in the region.

About Gemex Energía

Gemex Energía is a subsidiary of Grupo Energía México, dedicated to the development, construction, and operation of renewable energy projects in Mexico. With more than 15 years of experience and a renewable energy portfolio exceeding 1,250 MW, the company advances Mexico's energy transition through wind and solar projects developed with a commitment to environmental and social responsibility.

About Daqo International

Daqo International, a subsidiary of Daqo Group, serves as the Group's international business platform for medium- and low-voltage electrical equipment solutions. Backed by integrated manufacturing capabilities and engineering expertise, Daqo International partners with infrastructure developers worldwide to deliver customized electrical distribution solutions for mission-critical applications.