News / IPPToday #110: SENER announces financial close for 337 MW of solar projects

IPPToday #110: SENER announces financial close for 337 MW of solar projects

🕔 December 1, 2017
IPPToday #173: Statoil to develop 1200 MW offshore wind in Polish Baltic Sea

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The Secretariat of Energy (SENER) of Mexico has announced that two solar projects totaling 337 MW have officially reached financial close.

Mexican development banks Bancomext, Banobras and Nafin, and the North American Development Bank (Nadbank), will contribute to the development of the projects with approximately US$294 million.

The two projects are the 179 MW Santa Maria solar park in Chihuahua and the 158 MW Orejana solar park in the northwestern state of Sonora. Zuma Energia, a company backed by Actis and Mesoamerica, is behind the development of the facilities.

The Santa Maria solar park will get US$ 155 million and the Orejana solar park will receive US$139 million in financing.

The facilities are both scheduled to become operational in the middle of 2019 and are expected to produce enough electricity to meet the demand of around 357,000 homes.

We have recently reported about several energy projects in Mexico:

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