Subscribe today and receive an extra account for free.
Subscribe
Solar panels by iamme ubeyou.
September 27 (Renewables Now) - Spanish renewable energy firm OPDEnergy announced on Thursday it has signed two project financing deals with Sumitomo Mitsui Banking Corporation (SMBC) for 144.2 MWp of solar projects in Mexico.
Specifically, the bank is providing USD 86 million (EUR 78.7m) for the 106.5-MWp Andalusia II and the 37.7-MWp Aguascalientes Sur I photovoltaic (PV) projects.
OPDEnergy itself expects to invest a further USD 62 million in the two projects. It will be in charge of the operation and maintenance (O&M) of the plants as well as the engineering, procurement and construction (EPC) works, the firm noted.
Located in the states of Coahuila de Zaragoza and Aguascalientes, respectively, these facilities are expected to go online in the last quarter of 2019. Their output will be used mainly to supply local homes.
Secured during the second energy tender in 2016, the PV plants have 15-year power purchase agreements (PPAs) and 20-year clean energy certificates (CELs), the company said.
(USD 1 = EUR 0.915)
Grupo Mexico to invest in 168-MW wind farm in Nuevo Leon
Dec 06, 2019 11:17 CEST
Nordex lands 138-MW turbine order in Mexico
Dec 04, 2019 10:59 CEST
Mexican renewables score one point against govt over CELs - report
Nov 29, 2019 14:13 CEST
Vitol's private auction scheme in Mexico picks up almost 50 companies
Nov 28, 2019 17:03 CEST
Enel Green Power starts ops at 220-MW PV park in Mexico
Nov 28, 2019 14:13 CEST
GES completes 88 MWp of PV parks in Mexico, Spain
Nov 27, 2019 16:35 CEST
