星期一, 九月 28, 2020
Home PV News Investors eyeing Mexico solar parks

Investors eyeing Mexico solar parks

Source:Bnamericas

Atlas Renewable Energy is moving forward with the US$350mn La Pimienta solar park in Mexico’s Campechestate, which suggests investors remain upbeat about renewables in the country despite uncertainty over COVID-19.

The planned 444MW solar park will be paired with 2.17km of transmission lines and associated interconnection facilities, according to IDB Invest, the investment arm of the International Development Bank (IDB). IDB Invest, which tracks the project under ID 12893-01, plans to provide financing through an A-loan of up to US$50mn and a B-loan will bring capital through international bond sales.

“The project has a long-term power purchase agreement that will contribute to achieving the objectives of the government of Mexico to diversify its electricity matrix by delivering clean PV solar energy and supporting the impulse to create a wholesale electricity market while reducing the country’s dependence on thermal energy, since Mexico’s objective is that in 2050 clean energy sources provide 50% of the electricity generation combination,” IDB Invest said.

Development bank Bancomext is also considering to provide financing. The board will decide on the proposed bond financing on July 14.

In November of 2018, environmental regulator Semarnat approved La Pimienta’s environmental impact assessment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...