National Mechanical Group (NMG), a wholly-owned subsidiary of Sun Pacific Holding Corp, in partnership with Soluciones De Energia Diversificada Internacional, S.A.P.I. (SEDI), a unit of Blissful Holdings, LLC, has found a funding partner and received preliminary terms of up to US$80 million fund to build and develop the 40 MW solar photovoltaic project in Durango, Mexico.
NMG and SEDI will own thirty percent equity interest in the solar project.
The partners have already executed land rights and power purchase agreements, as well as selected key manufacturers. The project is set to reach financial close by 2020.
Country updates
-
-
November 28, 2019
GES completes construction of 49.9 MWp Huelva 2020 and 38 MWp Lazaro Cardenas solar projects
GES has completed the construction of two photovoltaic plants in Mexico and Spain for Alter Enersun with a total installed capacity of 88 MWp. The company has been responsible for the complete EPC in...
Read more -
November 26, 2019
IFC, NADB provide US$200m loan to IEnova to fund solar power projects in México
IFC, a member of the World Bank Group, and the North American Development Bank (NADB) will provide US$200 million in green loans to Infraestructura Energética Nova S.A.B. de C.V. (IEnova), to f...
Read more -
November 26, 2019
Elecnor to build 30 MW San Matias Wind project in Baja California
Elecnor SA has been awarded a contract to build a wind farm in the Mexican state of Baja California for US$17.8 million. The San Matías Wind Farm Project includes the installation of eight 3.8...
Read more -
November 25, 2019
IEnova starts commercial operation of 41 MW Rumorosa single-axis solar farms in Baja California
Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) has started the commercial operation of 41 MW Rumorosa single-axis solar farms in Tecate, Baja California. The Rumorosa single-axi...
Read more -
November 19, 2019
Canadian Solar sells 49% in 370 MW solar portfolio in Mexico
Canadian Solar Inc. has sold 49% interest in three solar photovoltaic projects in Mexico totaling 370 MWp (294 MWac) to Korea Electric Power Corporation (KEPCO) and Sprott Korea, a leading fund manage...
Read more
