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Perote II

Sector: Raw Materials • Location: Mexico

Source: International Finance Corporation (IFC)

Project
Active

  FV MEXSOLAR XI, S.A.P.I. DE C.V. (the “Company”) is developing a 118.9MWp/100MWac greenfield solar photovoltaic (“PV”) plant in the Municipality of Perote, State of Veracruz, eastern Mexico (“Perote II” or the “Project”). The Company proposes to design, build and operate this solar PV plant and onsite substation for interconnection to the national electrical grid on an area of approximately 310

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The project “Perote II” is an infrastructure initiative in the Raw Materials sector, located in Mexico. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

  FV MEXSOLAR XI, S.A.P.I. DE C.V. (the “Company”) is developing a 118.9MWp/100MWac greenfield solar photovoltaic (“PV”) plant in the Municipality of Perote, State of Veracruz, eastern Mexico (“Perote II” or the “Project”). The Company proposes to design, build and operate this solar PV plant and onsite substation for interconnection to the national electrical grid on an area of approximately 310 hectares of sparsely populated seasonal farmland. Total project cost is estimated to be US$98 million. IFC is considering providing a senior loan of up to US$10 million from its own account and up to US$15 million acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program, while up to US$25 million would be provided by a third party through a parallel loan.                                                 

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