Navojoa Solar PV

in implementation

The Navojoa solar project consists of the design, construction, commissioning, operation, and maintenance of a 200MW solar PV plant in the State of Sonora, Mexico that will connect into the Mexican Comisión Federal de Electricidad (“CFE”) national grid system; and all associated transmission and interconnection facilities which includes a 3.3km transmission line (TL). The financial plan is expected to be completed with co-loans from the China Co-Financing Fund for Latin America and the Caribbean (“China Fund”), and other development and commercial banks.The Project was awarded a long-term Power Purchase Agreement (“PPA”) in the 3rd Mexican Power Auction in November 2017. The Project will contribute to the Government of Mexico’s (“GoM”) objectives of diversifying its electricity matrix, by delivering clean, PV solar energy and supporting the push to create a wholesale electricity market, while reducing the country’s dependency on thermal energy, as Mexico’s goal is for clean energy sources to provide 50% of the nation’s electricity generation mix by 2050.