The Mexican gas and electricity provider will sell solar power to Canadian multinational bank Novascotia under a 15-year PPA. The electricity will be provided by the solar plant portfolio the company is developing in the Mexican states of Sonora and Baja California.
Italian energy company, Enel has announced the completion of its 828 MW Villanueva project, including the recent expansion phase, together with the completion of an additional portion of the Don José solar plant, which has now reached 260 MW. Overall, 1,089 MW of PV capacity was grid-connected through the several phases of both projects.
The Energía Limpia de La Laguna project, owned by Mexican fund Balam, is located in the state of Durango. The plant incorporates 108,314 polycrystalline modules on 98 single-axis trackers.
The solar assets were acquired by the company’s unit, Macquarie Infrastructure and Real Assets (MIRA). Spanish developer, Eosol will maintain a 10% share in the projects.
The $45 million loan was granted by French financial services provider, Natixis. The solar facility, selected by the Mexican governmemt in the first energy auction of 2016, will be located in the state of Aguascalientes.
Without the threat of a hostile attitude from the state-owned power provider, the Mexican distributed generation (DG) market may now continue to be a strong driver of growth in the northern American country.
The project is being developed by Spain’s X-Elio in the state of Guanajuato.
Mexico’s Federal Court of Fiscal and Administrative Justice has accepted an appeal lodged by the Mexican solar association, Asolmex, to remove the 15% customs duties applied to imports of solar PV modules.
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