Engie, Tokyo Gas to form 899-MW Mexican renewables JV

Wind farm in Tamaulipas, Mexico. Source: Tamaulipas government

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
Trompezon Solar Aguascalientes 158.6 July 2019
Villa Ahumada Solar Chihuahua 199.8 July 2019
Abril Solar Sonora 134.2 July 2020
Calpulalpan Solar Tlaxcala 253.5 July 2020

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.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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