Spain-based Acciona and TUTO Energy, part of Mexican firm Biofields, have secured $264m financing from international development and commercial banks to build a 400 MW solar plant in Sonora, Mexico. The two companies will jointly own the Puerto Libertad solar park, which will supply electricity to the Federal Electricity Commission as well as for a private purchase-and-sale contract and wholesale energy marketing. “Solar is an important component of our strategy to diversify Mexico’s power generation mix away from fossil fuels,” said Juan Carlos de la Campa, president of Acciona. Construction has started, with completion due early next year.
Spain-based Acciona and TUTO Energy, part of Mexican firm Biofields, have secured $264m financing from international development and commercial banks to build a 400 MW solar plant in Sonora, Mexico. The two companies will jointly own the Puerto Libertad solar park, which will supply electricity to the Federal Electricity Commission as well as for a private purchase-and-sale contract and wholesale energy marketing. The four main project backers are the North American Development Bank, Mexico's state Banco Nacional de Obras y Servicios, Spain's state Instituto de Credito Oficial and Banco Sabadell. Construction has started, with completion due early next year.