Tokyo Gas lands in Mexico with 50% stake in renewables JV with Engie

The Tres Mesas Phase III wind park in Mexico. Image source: Twitter, @fgcabezadevaca

December 17 (Renewables Now) - The North American arm of Tokyo Gas Co Ltd (TYO:9531) has acquired a 50% stake in a joint venture (JV) its parent company established with French utility Engie SA (EPA:ENGI) to build, own and operate renewable power assets in Mexico.

The Mexican-based JV, named Heolios EnTG S.A.P.I. de CV, manages 721 MW of wind and solar projects that Engie secured in the Mexican government’s renewable energy auctions.

The Helios EnTG platform marks the first international venture in renewables for the Japanese gas utility, the company said. It has already invested in two of the six initial projects that the JV helms -- the 50-MW Tres Mesas 3 wind farm and the 126-MW Trompezon solar park.

Overview of the Helios EnTG portfolio in Mexico is presented in the table below:

Name: Type: Location: Capacity: Expected commercial operation date:
Tres Mesas 3 Wind Tamaulipas 50 MW In operation
Trompezon Solar Aguascalientes 126 MW Under commissioning
Villa Ahumada Solar Chihuahua 150 MW Under commissioning
Tres Mesas 4 Wind Tamaulipas 96 MW March 2020
Abril Solar Sonora 99 MW September 2020
Calpulalpan Solar Tlaxcala 200 MW November 2020

Tokyo Gas America said it will work with Engie to expand the platform over the long-term.

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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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