Another solar PPA signed in Mexico

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From pv magazine Mexico.

Solar developer Buenavista Renewables México and power provider ESCO, which serves the Mexican states of Mexicali and Baja California, have announced they will sell solar power to Zodiac Aerospace Equipo de México through a power purchase agreement.

The electricity delivered under the PPA will be generated by approximately 13 MW of the 80 MW Los Santos Solar II project Buenavista is building in Ahumada, Chihuahua. The facility is next to Buenavista’s Los Santos Solar I plant, which is already in operation.

Under to the agreement, Zodiac Aerospace – a subsidiary of France’s Safran Group – will receive all its electricity, clean energy certificates and capacity from ESCO as a qualified supplier in accordance with Mexican market rules. Approximately 70% of the power will come from Los Santos Solar II with Zodiac Aerospace having committed to buy more than 30 GWh of electricity annually.

More announcements expected

Los Santos Solar II is being built on 80 hectares of private land between Ciudad Juárez and the city of Chihuahua, where Zodiac Aerospace has its facilities. Buenavista Renewables México (BVR) – a special purpose vehicle owned by Mexican firm Buenavista Renewables – and ESCO plan to announce the other clients that will buy power from the remaining generation capacity of the Los Santos Solar II plant in the weeks ahead.

“It has been a pleasure working with Safran Group in this transaction and knowing an international company committed to protecting the environment while benefiting from the economic advantages of the fixed price of the electricity,” said Dean Hull, finance director of BVR. Felipe Sandoval, general manager of Zodiac Aerospace, said: “The agreement signed with BVR and ESCO coincides with Safran’s strategy: to develop new sources of reliable and clean energy in order to achieve carbon neutrality.”

The transaction is a sign of BVR’s commitment to the structuring of agreements favorable to all parties, according to business development director José Ruiz. He added: “We are eager to collaborate with other clients of the private sector in Mexico with similar initiatives which would also help the country meet the energy independence goals that have been set.”