Spanish developer X-Elio is building an 80MW solar farm in Mexico, its second such facility in the Latin American country. The project is located in the Chihuahua region and is expected to be operational next year. Finance for the photovoltaic plant comes from IDB Invest, the private sector arm of the Inter-American Development Bank, the Canadian Climate Fund for the Private Sector of the Americas, the Chinese Fund for the co-financing of the Americas, the Official Credit Institute and the MUFG Bank. X-Elio chief executive Jorge Barredo said: “We continue working to be the main reference in the global market in the promotion of new energies. “With this new project, we once again show our great commitment to Mexico and the development of clean energy in the country. “Mexico is one of the key points in our development and international expansion strategy and our idea is to continue growing in this market, whose energy goals have made it an attractive region for clean energy.” X-Elio already operates a 74MW solar farm in the Guanajuato region of the country.
Spanish solar development company X-Elio is constructing an 74 MW facility in Mexico 's Mexico region. The solar farm, set to be operational this year , is X-Elio's second Spanish site, following its 74 MW solar farm in the Guanajuato region. IDB Invest and MUFG Bank , the private sector arm of the Inter-American Development Bank , were among those providing finance for the second project.