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FRV reaches fin close on 296-MWp Mexican solar project

Solar panels. Author: Chris Baird. License: Creative Commons. Attribution 2.0 Generic

September 18 (Renewables Now) - Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has reached financial close on the 296-MW DC Potrero Solar project in the Mexican state of Jalisco.

FRV achieved financial close with the International Finance Corporation (IFC) and Banco Nacional de Comercio Exterior, also known as Bancomext, it said in a statement today.

The solar park will be built in Lagos de Moreno by a consortium consisting of Power China and Prodiel under an engineering, procurement and construction (EPC) contract. Potrero Solar is a fully merchant project and as such will trade its generated electricity and associated clean energy certificates in Mexico’s energy market. In addition, it is one of the world’s largest photovoltaic (PV) projects to utilise bifacial modules.

Once up and running, which is expected by mid-2020, the solar farm will produce some 700 GWh of electricity per year, enough to meet the annual power consumption of about 350,000 average Mexican households.

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