China-based JinkoSolar has signed power purchase agreements (PPAs) with Mexico's Federal Electricity Commission (CFE) for three solar projects totalling 188MW of capacity.

The Chinese firm won the projects in April this year under Mexico's first long term electricity auction.

The terms of the off-take contracts require JinkoSolar to commence power generation at the plants by mid-2018.

CFE will purchase the entire power produced at the solar plants for a period of 15 years and the related Clean Energy Certificates for a 20 year period.

The three solar projects, two of which will be located in Yucatan and one in Jalisco, are expected to cumulatively generate more than 500GWh of energy each year.

The projects won by JinkoSolar represent the fourth highest tally overall and the third highest among solar developers, which represent a breakthrough for the company.

JinkoSolar chairman Xiande Li said: "I’m pleased to have completed these PPAs after having been awarded our first large scale overseas projects in Mexico.

"Solar is becoming increasingly competitive in an ever expanding number of countries and regions. Mexico is an attractive market for solar power and is showing great potential which we intent to take advantage of.

“We are proud to have earned the trust of CENACE (National Center of Energy Control), SENER (Mexican Ministry of Energy), and CFE, and look forward to providing clean energy to Mexican customers."

Mexico’s Secretary of Energy (Secretario de Energía) Pedro Joaquín Coldwell had congratulated the 11 companies that were awarded the first 18 clean projects as part of the nation’s first tender auction.

Coldwell said: “I want to give a very special greeting to all the companies that were awarded in this first auction.

“Mexico is very optimistic about the nation’s clean energy. The second auction is planned to be in September and is expected to be as successful as the first one.”


Image: JinkoSolar signs three PPAs with Mexico’s Federal Electricity Commission for its solar plants. Photo: Courtesy of worradmu/ FreeDigitalPhotos.net.