With the act of placing the first PV module, this week a ceremony was held to mark the beginning of advanced construction work on a 13.6 MW-AC self-consumption PV plant in the state of Chihuahua, in Northern Mexico.
This project represents an investment of around US$40 million, including financing from the North American Development Bank (NADB) and the U.S. governments Overseas Private Investment Corporation (OPIC).
This self-consumption project supplies electricity within the framework of a long-term power purchase agreement (PPA) at the campuses of La Salle College in Chihuahua, Coahuila, Durango, Jalisco, Nuevo León, Sonora and Tamaulipas and also to factories of German cable maker Leoni Cable.
The plant is expected to enter into service at the end of July.
We are pleased to have participated in the financing of this project, a pioneer in the sale of energy in Mexicos private sector which will be an example for various companies which seek to utilize the abundant energy of the sun in the state of Chihuahua, stated NADB Executive Director Alex Hinojosa in a press release.
Last July, NADB reported having approved a credit of US$15.5 to Buenavista Renewables for this project. In the approval, the organization stated that the modules which will be used in the project are made by Astronergy and the inverters by Schneider Electric. The project will comprise 52,000 modules mounted on single-axis trackers.
The Los Santos 1 project will be expanded in a later stage.
Currently around 150 MW of PV has been installed in Mexico. Recently the nation approved 1.7 GW of PV projects in its first national clean energy auction.
This article was translated by Christian Roselund. For the original in Spanish, please see the pv magazine Latinoamérica website.