International Finance Corporation (IFC), world bank, was asked to fund USD 100 million to 4 solar projects of Infraestructura Energetica Nova SA de CV (IEnova), a Mexican energy company.
The following are the projects for funding:
- 110 MW Pima Solar photovoltaic (PV) power plant in Sonora - on commercial operation selling all of its output to Deacero SA de CV under a 20-year PPA;
- 125 MW Don Diego solar PV project in Sonora - scheduled for operations in the 4th quarter;
- 100 MW Tepezala II single-axis solar farm in Aguascalientes - scheduled for operations in the 2nd quarter;
- 41 MW Rumorosa single-axis solar farms in Baja California - scheduled for operations in the 1st quarter
IEnova aims to have USD 395 million loan to complete projects. The portfolio will include a 5th solar project if the IFC finds sufficient interested lenders. A parallel loan of up to USD 295 million would come from development banks and commercial institutions.
Country updates
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April 24, 2019
Soriana commissions 118 MW Vicente Guerrero wind park in Tamaulipas state
Mexican retailer Organizacion Soriana SAB de CV has commissioned its 118 MW Vicente Guerrero wind farm located in Tamaulipas state. The USD184 million project consists of si...
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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...
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February 27, 2019
Canadian Solar complete its 68 MW Aguascalientes solar project
Canadian Solar has commenced the commercial operation of its 68 MW Aguascalientes solar project in Mexico. The Aguascalientes solar project will utilize over 200,000 high-efficien...
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February 07, 2019
FC on Mexican underground LPG storage system
CYDSA has closed USD160 million refinancing deal with its first liquefied petroleum gas underground storage system in Mexico. This syndicated loan was granted jointly by Banobras, the Nati...
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January 10, 2019
ACCIONA Energía completes assembly of 43,080 PV modules in Puerto Libertad
ACCIONA Energía completed the assembly of 43,080 PV modules for the 404.57 MW Puerto Libertad solar project in Sonora desert, Mexico. ACCIONA holding and Tuto Energy (Biofields Group) owns 50%...
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