La Pimienta Solar PV Plant

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The solar plant is located in the municipalities of Ciudad del Carmen and Palizada, in the state of Campeche, Mexico. It has a total installed capacity of 444MW. Atlas Renewable Energy are developing the project through the special purpose vehicle La Pimienta Solar. Total project cost is 398.46 USDm. Financing was provided by multiple banks: IDB Invest - USD 68.95m (loan) Banobras - USD 50.00m (loan) Sumitomo Mitsui Banking Corporation - USD 68.95m (loan) MUFG Bank - USD 68.95m (loan) Societe Generale - USD 68.95m (loan) Sumitomo Mitsui Banking Corporation - USD 10.41m (letters of credit) MUFG Bank - USD 10.41m (letters of credit) Banobras - USD 51.84m (VAT facility) Financial Closure was achieved in January 2021. The project has a long-term power purchase agreement that will contribute to achieving the objectives of the Government of Mexico to diversify its electricity matrix by delivering clean PV solar energy since the Mexico's objective is that in 2050 clean energy sources provide 50% of the electricity generation combination. https://ijglobal.com/data/transaction/50918/la-pimienta-solar-pv-plant-444mw https://ijglobal.com/data/project/46856/la-pimienta-solar-pv-plant-444mw