A 337MW PV portfolio in Mexico have reached financial close, according to Mexico’s Secretariat of Energy (SENER).
The portfolio, comprised of a pair of solar plants (Orejana and Santa María) built in Sonora and Chihuahua, were awarded in the country's second electronic auction back in 2016.
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The financing, provided by Mexico’s development bank (Banca de desarrollo), Banobras, Nafin and the North American Development Bank, is for a total of US$294 million.
The Orejana solar park, in Hermosillo, Sonora, will have an investment of US$139 million and features a generation capacity of 158MW. Once in operation by mid-2019, the park will be comprised of 87,440 solar panels to produce 353GWh of clean energy. The completed project will provide power to 169,000 homes.
The Santa María solar park, with a total capacity of 179MW, will be built in Galeana, Chihuahua, with a financing of US$155 million. The project is expected to be operational by mid-2019 and will feature 550,080 solar panels.
