Energy Partners Latin America (EPLA) is to build a 150MW PV power plant costing over US$300 million in Baja California State, Mexico.
EPLA, an Intermountain Energy Partners affiliate, was established in 2014 in Baja California, to develop renewable energy and water reclamation projects throughout Latin America.
The investment was formerly announced by the state governor, Francisco Kiko Vega de Lamadrid.
The plant in Mexicali will provide energy for the industrial sector while offsetting 270,000 metric tonnes of carbon and giving Baja California State the cheapest electricity supply across the country.
The project is expected to provide up to 15% savings compared to the cost of electricity consumption from the state utility Comisión Federal de Electricidad (CFE).
Construction will start in late 2015, creating over 1,000 jobs.
Companies can already acquire contracts with guaranteed electricity supply, with access to savings of US$447 million to the companies over 25 years through the purchase of this cheaper electricity, according to the state government.
The state government has also promoted the use of renewable energy due to strong solar and wind resources in the region.
This week, PV Tech reported that joint ventures involving Spain-based energy company Aljaval have received electric energy generation approval for eight solar power projects with a combined capacity of 220MW in Mexico including some projects in Baja California.
Javier Mas Abad, Aljaval deputy director, also spoke to PV Tech about the strong future for solar in Mexico despite difficulties in gaining finance.