China-based Jinko Solar has won 188 MWac of solar projects in Mexico’s inaugural tender auction.
The company will develop and construct the solar photovoltaic (PV) power plants, two of which are in Yucatán and one in Jalisco.
The projects, which are anticipated to start commercial operations by mid-2018, are estimated to generate more than 500 GWh/year and reduce about 200,000 tons of CO2 emissions per year.
Jinko Solar will sell power produced by the projects to Mexico’s Federal Electricity Commission (CFE) under a 15-year power purchase agreement. Each project will also receive clean energy certificates for a period of 20 years.
JinkoSolar chairman Xiande Li said: "I am pleased to have been awarded these large scale projects in Mexico, a milestone in JinkoSolar’s expansion into overseas projects and its development as a global leader in the solar industry.
"We look forward to leveraging this win to further increase our growth momentum in Mexico and other emerging solar markets as we continue to seek project development opportunities in other markets."
Mexico recently revised the results of its first clean energy auction. Following a revision of the first results unveiled in the long-term supply auction in Mexico, 4,019 gigawatt-hours have been awarded to 11 PV projects.
The projects are expected to have a potential of about 1.7 GW-AC. The median price for solar energy generated is at about $45.15 per megawatt-hour (MWh),
Image: Jinko Solar to build three solar projects in Mexico. Photo: Courtesy of khunaspix/ FreeDigitalPhotos.net.