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The Secretariat of Energy (SENER) of Mexico has announced that two solar projects totaling 337 MW have officially reached financial close.
Mexican development banks Bancomext, Banobras and Nafin, and the North American Development Bank (Nadbank), will contribute to the development of the projects with approximately US$294 million.
The two projects are the 179 MW Santa Maria solar park in Chihuahua and the 158 MW Orejana solar park in the northwestern state of Sonora. Zuma Energia, a company backed by Actis and Mesoamerica, is behind the development of the facilities.
The Santa Maria solar park will get US$ 155 million and the Orejana solar park will receive US$139 million in financing.
The facilities are both scheduled to become operational in the middle of 2019 and are expected to produce enough electricity to meet the demand of around 357,000 homes.
We have recently reported about several energy projects in Mexico:
ENGIE strengthens its presence in the Mexican renewable energy market by obtaining four projects in the Long Term Electricity Auction organized by Mexico’s National Center for Energy Control (CENACE).
Read moreCanadian Solar will develop and build three projects in Mexico, totaling 367 MWp. Once connected to the grid, the electricity generated will be sold to the Comisión Federal de Electricidad (CFE) under a 15-year power purchase agreement.
Read moreEnel S.p.A., has been awarded the right to sign a number of contracts in Mexico to supply energy and clean certificates with four wind projects for a total capacity of 593 MW in the country’s third long-term public tender since its energy reform.
Read moreMexico has selected 16 offers in the preliminary results of the country's third long-term electric power auction, receiving record low prices in the economic offers from developers.
Read moreAlpek and ContourGlobal have entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal’s potential acquisition of Alpek’s cogeneration power plants in Cosoleacaque and Altamira, Mexico.
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