Aura Solar

completed

The Aura Solar Project (the “Project” or “Aura”) comprises the construction and operation of a 38.6 MWdc (30MWac) greenfield photovoltaic power plant on an area of 100 ha to be located 10 km from La Paz, Baja California Sur (“BCS”), Mexico. The Project includes the construction of a 2.8 km-long transmission line. Aura is being developed by Gauss Energía (“Gauss”), an independent Mexican energy consultancy/developer and will be 100% owned by Corporacion Aura Solar, (“CAS”). The Project will be constructed and operated under an EPC contract with an experienced engineering firm and PV panels will be supplied by a top-class PV manufacturer. Construction will last approximately 8 months and Aura is expected to be commissioned by August 2013.Mexican sole power utility CFE will act as off-taker of the Project under a 20-year  take-and-pay and will pay Aura Solar the applicable Short Term Marginal Cost or “Costo Total de Corto Plazo” at the La Paz node. Aura is the first private utility scale project to be developed under this framework and the largest PV solar plant to be built to date in Mexico.The Project will contribute to increase the share of clean and renewable energy in Mexico, specifically in BCS, an area mainly powered by fossil fuel generation.