• Martifer Solar and its JV partners have executed a Development Agreement with Canadian Solar for a 63MW solar power project in Aguascalientes, Mexico
• MIRE is a joint venture formed by Martifer Solar Sistemas Solares, S.A., Energía ECG, S.A.P.I de C.V. and Ithaca Environmental Ventures Limited to develop projects in Mexico
• Under the partnership, MIRE has sourced the land and interconnection point for the winning project and will provide full development for the 63MW PV plant
Martifer Solar, a subsidiary of Martifer SGPS, and its JV partners have signed a Development Agreement with Canadian Solar for a 63MW solar power project in Aguascalientes, Mexico. MIRE is a joint venture formed by Martifer Solar Sistemas Solares, S.A., Energía ECG, S.A.P.I de C.V. and Ithaca Environmental Ventures Limited to develop projects in Mexico. MIRE began the development of this project in the end of 2015 and after a long process to obtain land control, the company managed to achieve an agreement with Canadian Solar prior to Mexico’s first renewable energy auction.
Canadian Solar won a 63MWp project in Aguascalientes, Mexico, once connected to the grid the electricity generated will be sold to CFE (Comisión Federal de Electricidad), under a 15-year Power Purchase Agreement for energy and capacity and 20-year for Clean Energy Certificates. The competitive tariff in the auction allows the electricity from the plant to be sold to CFE (Comisión Federal de Electricidad) at US$47.95 / MWh. The PV plant will be built in Aguascalientes, which is a north-central state in Mexico, located approximately 500 km away from Mexico City. The project is expected to be operational by Q3 2018.
