Andalusia II and Aguascalientes Sur I Solar PV Plants

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The project involves the development, construction and operation of 106.5 MWp Andalusia II solar plant in the state of Coahuila de Zaragoza, and the 37.7 MWp Aguascalientes Sur I solar park in the state of Aguascalientes, Mexico. These plants are awarded within the framework of the second renewable energy auction in Mexico for 2016. They have 15-year Power Purchase Agreement (PPA), and a 20-year Clean Energy Certificates (CELs). The projects cost is $ 86 million. The sponsor OPDEnergy invested $ 62 million in both projects. Sumitomo Mitsui Banking Corporation (SMBC) provided $ 24 million. Financial close was announced on 26 September 2019. On June 2, 2020, an agreement between OPDEnergy and Riverstone was signed. The second will acquire a 80 % stake in the project. No financial information about the structure of the deal is available. The construction of the plants started at the beginning of 2019 and is expected to be completed by Q4 2019. https://www.opdenergy.com/en/2019/09/26/opdenergy-signs-two-project-financing-deals-for-86m-with-sumitomo-mitsui-to-build-two-solar-pv-plants-in-mexico/ https://ijglobal.com/articles/142863/smbc-to-lend-on-opdenergys-mexican-solar-duo