Spanish inverter manufacturer Power Electronics will provide Spain-based renewable energy developer Iberdrola Renovables with 275 MW of its HEC V1500 inverters.
Iberdrola will use the inverters for a 105 MW (AC) solar project in the state of Sonora, northern Mexico, and a 170 MW (AC) PV plant in the state of San Luis de Potosí, in the central area of the country.
Both projects will sell power and the related clean energy certificates (CEL) to local industrial customers under a PPA, according to Iberdrola.
Power Electronics stressed that through this supply agreement it has entered the Mexican market, where it is already active in other industrial segments. Mexico’s PV market, the company said, has become a primary target since the local government introduced a new regulatory framework for solar and renewables.
Last year, the Mexican government has begun holding auctions for large-scale renewable energy projects. In the first two auctions, local authorities allocated approximately 3.6 GW of solar generation capacity.