Macquarie fund in Mexico acquires solar park
Macquarie Mexican Infrastructure Trust I (MMIT I) has announced that Macquarie Mexican Infrastructure Fund (MMIF) has committed to acquire a 100% interest in Parque Solar Coahuila, a 22.5 MW solar generation project in Coahuila, Mexico. The acquisition is subject to standard closing conditions. MMIF is comprised of MMIT I and Macquarie Mexican Infrastructure Trust II.
The total investment commitment of MXN758 million (US$41 million) will be used to fund the acquisition and construction of the project. Construction will commence during the third quarter of 2016.
The park will supply power to the Coahuila Government, to its municipalities of Torreon and Matamoros, and to a private Mexican company under four long-term power purchase agreements, at competitive prices at a discount to applicable regulated tariffs.
The engineering, procurement and construction contract will be signed at a fixed price with Grupo TSK, a Spanish company which has experience in the construction of photovoltaic projects in Mexico.
Jonathan DavisArzac, Chairman of MMIF said
"We are pleased to announce our first investment in the solar energy sector, which will further complement MMIF's existing renewables investment - Generadora Eléctrica San Rafael - our mini-hydro project in the state of Nayarit. Photovoltaic power generation is renewable, reliable, and clean. We are pleased to promote Coahuila's first solar park, which is one of the first in Mexico."
Country news
-
-
July 20, 2016
Acciona signs first PPA contract in Mexico
Acciona Energía has signed its first contract with Mexico’s Federal Electricity Commission (CFE) for the delivery of renewable power and clean energy certificates resulting from the energy auctions introduced by Mexico’s energy reforms. Read more -
July 19, 2016
Gaseoducto Aguaparieta, subsidiary of Ienova, wins Hermosillo gas pipeline
The Mexican state-owned electric company, CFE, has awarded Gaseoducto Aguaparieta, subsidiary of Ienova, the Hermosillo Gas Pipeline Branch in the state of Sonora, Mexico. Read more -
June 29, 2016
JinkoSolar selects Solarcentury to develop two solar projects in first round of Mexico auction
JinkoSolar and Solarcentury have partnered in order to develop 170 MW of ground mount solar projects. The Energy Division of JinkoSolar will act as the investor and owner of the two solar projects and Solarcentury will develop both sites. Read more -
June 16, 2016
Spectra Energy awarded $1.5 Billion Nueces-to-Brownsville Gas Pipeline Project
Spectra Energy Corp has announced that its subsidiary, Valley Crossing Pipeline, LLC, has been awarded a 168-mile intrastate natural gas pipeline project by the Mexico's Comisión Federal de Electricidad (CFE). Read more -
June 14, 2016
IEnova and Transcanada win $2.1 billion natural gas pipeline in Mexico
Sempra Energy has announced that Infraestructura Marina del Golfo (IMG), the joint venture between its Mexican unit Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) and TransCanada Corporation, has been awarded a transportation contract by the Comision Federal de Electricidad (CFE) to build, own and operate an 800 km, US$2.1 billion natural gas pipeline in Mexico. Read more
