April 9 (Renewables Now) - Tokyo Gas Co Ltd (TYO:9531) and French utility Engie SA (EPA:ENGI) announced on Monday their intention to form a 50/50 joint venture (JV) dedicated to the development, construction and operation of renewable energy plants in Mexico.
Engie’s Mexican unit will establish the JV, named Helios EnTG, in which the Japanese natural gas utility will acquire a 50% stake through its US arm Tokyo Gas Renewable 1 LLC, Tokyo Gas said.
Helios EnTG will steer a total of six projects with a combined capacity of 898.7 MW.
Details on each project were provided by Tokyo Gas. They are available in the table bellow:
|Name||Type||Location||Generation capacity (MWp)||Expected commercial operation date|
|Tres Mesas 3||Wind||Tamaulipas||51.8||February 2019|
|Tres Mesas 4||Wind||Tamaulipas||100.8||March 2020|
|Villa Ahumada||Solar||Chihuahua||199.8||July 2019|
Out of the six, the 50-MW Tres Mesas 3 onshore wind farm already started commercial operations. The remaining projects are in different stages of construction.
All projects were granted 15-year power purchase agreements (PPAs) in Mexico’s renewable energy auctions.
While Engie has been present in Mexico for 20 years, this JV will mark the first time Tokyo Gas has entered into the renewable energy business in the international market.