Fotowatio Renewable Ventures (FRV) has been awarded a 300MW solar project in the second electricity market auction, conducted by the National Energy Control Center (CENACE) of Mexico.
The construction of the plant will begin in mid-2018 and will become operational in mid-2019, and will create approximately 250 local jobs as part of the construction phase and a further 20 jobs during operations. The plant will also generate enough green electricity to supply approximately 76,100 homes, while reducing greenhouse gas emissions by approximately 97.7 million tons of CO2.
"Mexico is one of the world's richest markets in renewable energy sources, which presents numerous opportunities for FRV and international investors. FRV's success in this auction marks a milestone as it further expands the company's footprint in Latin America and supports its global growth plans," explains Rafael Benjumea, CEO of FRV. "Our pipeline in the country, in addition to our expertise and competitiveness, places us in a good position to continue participating in future auctions.