September 27 (Renewables Now) - Sempra Energy (NYSE:SRE) said on Thursday it has signed power purchase agreements (PPAs) for the output of a 150-MW solar photovoltaic (PV) park it will build in Mexico.
The San Diego-based utility and energy infrastructure company, through its Mexican unit Infraestructura Energetica Nova (IEnova), will sell the electricity from the proposed power plant to subsidiaries of Comercializadora Circulo CCK SA de CV and El Puerto de Liverpool SAB de CV. Both offtake deals have 15-year terms.
To be installed in Juarez, Chihuahua state, the solar park is slated to begin operations in the second half of next year. Sempra estimates its construction will require an investment of USD 160 million (EUR 146.5m).
In Mexico, Sempra has more than 1,000 MW of solar and wind assets in operation or under construction, held by IEnova. The parent company says its goal is to become the largest energy infrastructure company in North America.
(USD 1.0 = EUR 0.916)