Prodiel and Power China have been selected by Fotowatio Renewable Ventures (FRV) to build its second solar energy facility, Potrero Solar, with a capacity of 296 MW, in Mexico. The project will be located in Lagos de Moreno, in the state of Jalisco, and construction is set to begin in October 2019 on a site measuring 640 hectares.
The contract is based on the Full EPC model and includes engineering, construction of the facility and the building of a 400-kV substation, as well as operation and maintenance (O&M) during the first two years of the facility’s life. In addition, this project will encourage the economic development of the area and the creation of employment opportunities, by generating over 1,500 jobs during the execution phase for the facility.
The plant will be made up of bifacial photovoltaic modules and will have the ability to capture both direct sunlight from both the front and reflected light from the rear side. Upon completion, it will be one of the largest photovoltaic facilities with such technology in the world. It is estimated that production at the plant will be 750 GWh/year, which would be equivalent to the annual consumption of more than 350,000 Mexican households. When Potrero Solar is fully operational it will prevent emissions of 345,000 tons of CO2 to the atmosphere every year.
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.
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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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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.
Read moreContourGlobal 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.
Read moreThe 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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