ContourGlobal plc has announced it has reached an agreement with Alpek S.A.B. de C.V. to acquire Alpek’s portfolio of two natural gas-fired combined heat and power (CHP) plants, together with development rights and permits for a third plant, for US$724 million in cash.
Energy Finance & Investment News in Mexico
The European Investment Bank (EIB) has announced that it has signed an US$87 million loan to part-finance three photovoltaic (PV) solar power plants in Mexico, with a total installed capacity of 1,088 MWp.
EVM Tenedora, S.A.P.I. de C.V. and EFS Global Energy B.V., a subsidiary of GE, has secured US$740 million financing for the development of an 850 MW power plant in Axapusco, Mexico, located approximately 60km north-east of Mexico City.
Enel, acting through its renewables subsidiary Enel Green Power (EGP), has closed the sale of 80% of the share capital of eight special purpose vehicles (SPVs), which own a combined 1.8 GW renewable capacity in Mexico, to the Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the pension fund CKD Infraestructura México (CKD IM), an investment vehicle of some of the largest pension funds in Mexico.
Acciona has announced that, alongside Tuto Energy, it has signed a financing agreement for the 404 MWp Puerto Libertad photovoltaic complex in Sonora, north-west Mexico. The two companies each own 50% stakes in the project, which will deliver one of the highest-capacity solar plants in Latin America.
Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline
Allianz Global Investors (AllianzGI), has announced that it has made an investment on behalf of its clients into the term refinancing of El Encino – La Laguna pipeline (EELL), an operating natural gas pipeline with over 476 Kilometres in central Mexico, sponsored by Fermaca.
The private investment arm of the Inter-American Development Bank (IDB), the Inter-American Investment Corporation (IIC), has approved a US$200 million loan for the construction of a greenfield waste-to-energy plant in Mexico City.
Actis has announced that it has acquired InterGen's portfolio of businesses in Mexico for a consolidated enterprise value of US$1.256 billion.
Atlas Renewable Energy has announced that it has acquired the Guajiro solar project from SunPower Corp. The project involves the development of a solar photovoltaic power plant with a planned capacity of 101.4 MW (126.4 MWp) in the municipality of Nopala de Villagran, Hidalgo state, Mexico.
Through its subsidiary Iberdola Mexico, Iberdrola has signed agreements with a consortium of ten banks for a US$400 million loan. The group will allocate the funds to refinance the construction of three wind farms in Mexico.
JinkoSolar has secured financing for the Viborillas solar project, which involves the development of a 100 MW ground-mounted solar farm in Yucatán state, Mexico. Lenders are providing a US$108 Million syndicated loan to the project company.
The Energy Regulatory Commission (CRE) and National Centre for Energy Control (CENACE) of Mexico have launched the country's fourth long-term renewable energy auction. The objective of this auction is to add 13,000 MW of generation capacity and 38 TWh of clean energy to the Mexican electricity market by 2021.
InfraRed Infrastructure Fund V has completed the acquisition of a 35.5% equity interest from Macquarie Capital in the Norte III project, a 907 MW combined-cycle gas turbine project, currently under construction near Ciudad Juárez, in the north of Mexico.
The Federal Electricity Commission (CFE) of Mexico has announced the bidding rules for proposals for the development of the Ixtepec Potencia – Yautepec Potencia transmission project, which includes the first direct current transmission line. The project represents an estimated investment of US$1.7 billion and will enter into commercial operation in the year 2021.
The Government of Mexico has started the tender process for the Baja California Transmission Line project. The tender is seeking a developer to install and operate a 1,400 km transmission line linking Seri, in the state of Sonora, in north-east Mexico, to Cucapáh in the state of Baja California.
The Abraaj Group announced it has invested in a 111 MW natural gas-fired power plant in Chihuahua, Mexico. The investment represents the first phase of Abraaj’s plan to develop a 500 MW natural gas-fired power generation platform in the country.
Neoen has won the third Mexican call for tenders on 22 November 2017 with its 377 MWc solar photovoltaic project in the state of Aguascalientes, due to be connected to the grid in June 2020.
The Secretariat of Energy (SENER) of Mexico has announced that two solar projects totaling 337 MW have officially reached financial close.
ENGIE strengthens its presence in the Mexican renewable energy market by obtaining four projects in the Long Term Electricity Auction organized by Mexico’s National Center for Energy Control (CENACE).
Canadian Solar will develop and build three projects in Mexico, totaling 367 MWp. Once connected to the grid, the electricity generated will be sold to the Comisión Federal de Electricidad (CFE) under a 15-year power purchase agreement.