Enel Green Power pledges to invest $1 billion in Mexico renewables

• 8 years ago (2016-03-31)

North America 998 Renewables 751

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Each of the three projects will be supported by a contract providing for the sale to Mexico’s Federal Electricity Commission of both specified volumes of energy over a 15-year period and the related clean certificates over a 20-year period.

The projects are expected to enter into operation in 2018 and will generate more than 2 TWh of green energy per year, making a significant contribution to both Mexico’s need for new power generation and its environmental goals.

Villanueva and Villanueva 3 will be built in the State of Coahuila, in the north of Mexico, and will have a combined installed capacity of 754 MW. The 427 MW Villanueva plant is expected to generate about 973 GWh per year. Villanueva 3 will have an installed capacity of 327 MW and is expected to produce about 738 GWh per year.

The 238 MW Don José PV solar project will be constructed in the State of Guanajuato, in north-central Mexico. The plant is expected to generate around 539 GWh per year.

In Mexico, EGP currently has a total installed capacity of nearly 500 MW, of which 446 MW comes from wind and 53 MW from hydropower. The company also has two wind projects currently under construction, which are the 129 MW Palo Alto wind farm in the State of Jalisco and the 100 MW Vientos del Altiplano wind farm in the Zacatecas State.