October 12 (Renewables Now) - Mexico's Aguascalientes state governor Martin Orozco Sandoval said on Tuesday the first panels of a 350-MW photovoltaic (PV) project have already been installed in the El Llano municipality.
Construction works are expected be complete within 14 months. Spanish Alten Energias Renovables and London-based Cubico Sustainable Investments are the developers of the project, which will require about MXN 6 billion (USD 319.7m/EUR 269.8m) in investments.
The Solem I and Solem II solar projects received financing from the International Finance Corporation (IFC) and a bunch of lenders, as announced in August.
The local government said the complex is comprised of two solar farms of 180 MW and 170 MW with more than 1 million solar modules in total. Once operational, they are estimated to be able to generate enough energy to meet the annual demand of over 100,000 homes and offset 362,068 tonnes of carbon dioxide (CO2) per year, the government noted.
(MXN 1 = USD 0.053/EUR 0.045)