October 2 (Renewables Now) - Cubico Sustainable Investments today announced that one wind park and one solar farm with a combined capacity of 600 MW have become operational in Mexico.
The London-based renewable energy investor has reached the operation stage with its 250-MW Mezquite wind farm in Nuevo Leon and the 350-MWp Solem solar PV project in Aguascalientes.
The two projects won power purchase agreements (PPAs) in Mexico’s second long-term electricity auction that was held in September 2016. They are now selling the bulk of their power and clean energy certificates “at very competitive prices” to the Mexican state-owned utility CFE Basic Supply, said Osvaldo Rance, head of Mexico at Cubico.
Cubico expects to reach ready-to-build status in the first half of 2020 for two additional wind projects in Mexico totalling 400 MW. Completion is planned for 2021.