Orejana and Santa Maria Solar Parks

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The project envisages the construction, development and operation of two solar farms in Sonora and Chihuahua states, Mexico. Orejana solar park has a capacity of 158 MW and Santa María of 179 MW. Both farms are being developed by Zuma Energia JV, whose ultimate owners are Actis with 80% and Mesoamerica Energy with 20%. This is a greenfield project undertaken on a BOO modality. Zuma Energia was awarded long-term PPAs in Mexico’s second power auction held in 2016, following a competitive bidding process based on the lowest tariff criteria. The plant will sell clean energy to local utility CFE for a period of 20 years. The required investment for Orejana solar park is $139 million, and for Santa María $155 million. The entire investment amount was provided by four banks - Bancomext, Banobras, Nacional Financiera - NAFIN, and North American Development Bank in equal split. Financial closure occurred on November, 20th 2017. Start of commercial operations is scheduled for June 2019. http://www.zumaenergia.com/?lang=en#proyectos https://ijglobal.com/data/transaction/39697/orejana-158mw-and-santa-maria-pv-solar-parks-179mw https://www.pv-magazine.com/2017/11/20/zuma-energia-reaches-financial-closing-for-two-solar-projects-totaling-337-mw-in-mexico/ https://www.bnamericas.com/project-profile/es/planta-solar-fv-orejana-planta-solar-fv-orejana1