South Korea’s OCI makes debut in Mexico with private solar farm

April 18, 2016
Facebook
Twitter
LinkedIn
Reddit
Email
OCI Solar Power installation ceremony last week in Moctezuma, Chihuahua Mexico attended by CEO Yoon Seok-hwan and Chihuahua Governor César Horacio Duarte Jáquez to mark the construction of the 13.6MW project. Source: OCI

OCI Solar Power and energy professionals group Buenavista Renewables (BVR) joined with the local Mexican government to commemorate what is claimed to be Mexico’s first private solar park. The utility-scale project is to supply energy to private operators and consumers via a 20 year PPA.

The project, Los Santos Solar I, kicked off last week with an official installation ceremony attended by OCI CEO Yook Seok-hwan and governor César Horacio Duarte Jáquez and other stakeholders. The park is the company’s first venture into the Mexican solar market, and it makes a notable debut with the 13.6MW park which is designed to supply energy to private business operators and consumers, including Germany’s Leoni Cables SA de CV and Universidad La Salle Chihuahua (ULSA).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The US$40 million project was funded through the North American Development Bank (NABD) and the Overseas Private Investment Corporation (OPIC). The park is said to be run by OCI’s US branch in San Antonio, Texas, with BVR serving as lead developer. When Los Santos Solar I is complete, OCI will acquire ownership of the project and take a lead on O&M for the remainder of the PPA.

The new solar park, located in Moctezuma, Chihuahua, is reported to be just the start of a multi-stage project. It begins with the installation of 52,000 PV modules that will contribute to Mexico’s clean energy ambitions, by removing more than 16,500 tonnes per year of carbon dioxide.

The project is the latest update in a string of substantial solar opportunities for Mexico; closely following the reveal of other projects across the country in after the recent power auction

Read Next

October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
October 22, 2025
Recurrent Energy, Ampliform and Dimension Energy have announced new financing rounds this month for US solar projects.
Sponsored
October 22, 2025
LONGi vice president Dennis She discusses the value logic behind the company's strategic focus on back contact technology.
October 22, 2025
Leeward Renewable Energy has started commercial operations at its 177MW Ridgely solar project in the US state of Tennessee.
October 22, 2025
US thin-film manufacturer First has revealed another transfer of its 45X manufacturing tax credits in a deal worth around US$775 million.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal