Iberdrola has begun to build two PV projects in Mexico: Hermosillo Solar Plant, a 105 MW project located in the state of Sonora, and Santiago Solar Plant, a 170 MW project in San Luis de Potosi.
These projects are Iberdrola’s first moves into large-scale solar, although the company has been active in Mexico for several years, and has already installed around 6 GW of wind and gas generation capacity in the country.
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The two PV plants are covered by long term PPAs with private customers, to whom Iberdrola will supply electricity and clean energy certificates. Iberdrola states that it chose Mexico thanks to its ‘excellent regulatory and solar resource conditions’, and names the country as a strategic location in its internationalization strategy.
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