600 MW renewable portfolio in Mexico reaches operation
Cubico Sustainable Investments (Cubico), a global investor in renewable energy, backed by two of Canada’s largest pension funds, has announced that it has reached operations on a 600 MW renewable portfolio in Mexico.
The portfolio is comprised of the 250 MW Mezquite wind farm in Nuevo León and the 350 MWp Solem solar PV project in Aguascalientes, one of the largest of its kind to reach commercial operations in Latin America.
The energy generated by these projects is sufficient to supply more than 200,000 average households in Mexico and will contribute to avoiding more than 800,000 metric tons of CO2 equivalent emissions per year.
Osvaldo Rancé, Head of Mexico at Cubico, said: “These projects are honouring all their obligations under the power purchase agreements (PPAs) awarded in Mexico’s second long-term electricity auction in September 2016. The bulk of the energy, clean energy certificates and capacity produced by these projects are sold at very competitive prices to the Mexican state-owned utility CFE Basic Supply, the entity responsible for energy supply to the low-income housing and agribusiness sectors.”
Country news
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September 26, 2019
Financial close for 296 MW Bifacial PV project in Mexico
Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has announced the financial close for Potrero Solar Project (296 MW dc), the company’s second solar farm in Mexico.
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March 28, 2019
Neoen signs financing for 375 MW El Llano project in Aguascalientes
Neoen has announced the signature of financing for the El Llano project, a 375MWp solar project in the state of Aguascalientes in Mexico. El Llano was one of the winners of the 3rd Mexican public renewable energy auction in November 2017, with a contract to sell the electricity produced at less than $19/MWh.
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January 08, 2019
ContourGlobal to acquire 932 MW CHP capacity in Mexico for US$724 million
ContourGlobal plc has announced it has reached an agreement with Alpek S.A.B. de C.V. to acquire Alpek’s portfolio of two natural gas-fired combined heat and power (CHP) plants, together with development rights and permits for a third plant, for US$724 million in cash.
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December 05, 2018
Enel secures financing for 1 GW solar projects in Mexico
The European Investment Bank (EIB) has announced that it has signed an US$87 million loan to part-finance three photovoltaic (PV) solar power plants in Mexico, with a total installed capacity of 1,088 MWp.
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October 02, 2018
850 MW gas-fired power project in Mexico reaches financial close
EVM Tenedora, S.A.P.I. de C.V. and EFS Global Energy B.V., a subsidiary of GE, has secured US$740 million financing for the development of an 850 MW power plant in Axapusco, Mexico, located approximately 60km north-east of Mexico City.
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