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Neoen secures 377-MWp solar project in Mexico's tender

Solar panels. Photo by: EBRD (www.ebrd.com).

November 29 (Renewables Now) - France's Neoen has confirmed it has been awarded the largest renewable energy project in Mexico's just-completed power auction, a 377-MWp solar power plant to be built in the state of Aguascalientes.

The facility is scheduled to be connected to the grid in June 2020. The French renewables company said the project strengthens its presence in Latin America. With more than 750 MW of projects built or granted there, the region is now the company's third largest development area after EMEA (Europe, the Middle East and Africa) and Australia, said chief executive Xavier Barbaro.

In Latin America, Neoen has an operational solar power plant in El Salvador, two solar power plants that are currently being financed in El Salvador and Jamaica, and a development portfolio in Guatemala, Columbia and Argentina.

The Mexican tender showed an average price of USD 20.57 (EUR 17.4) per MWh, meaning Mexico is the most competitive renewable energy market in Latin America, the French company said.  

(USD 1 = EUR 0.845)

 

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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