Solar equipment producer JinkoSolar has won rights to develop and build three solar photovoltaic (PV) projects totalling 188MW in Mexico, under the country’s first electricity auction.
The auction is in line with the Mexican Government’s plan to invest $14bn to add renewable power capacity of 6GW between 2015 and 2018.
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The company will build two solar power generating facilities in Yucatán and one in Jalisco.
All three solar PV plants will enter service by mid-2018. The projects will generate more than 500GW hours of clean electricity in total every year, while reducing CO2 emissions by around 200,000t.
The solar power generated will be sold to Mexico’s Federal Electricity Commission (CFE) under a 15-year power purchase agreement.
CFE will also receive clean energy certificates for a period of 20 years.
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By GlobalDataJinkoSolar chairman Xiande Li said: "I am pleased to have been awarded these large scale projects in Mexico, a milestone in JinkoSolar’s expansion into overseas projects and its development as a global leader in the solar industry.
"We are eager to jointly work with CFE and Centro Nacional de Control de Energía (CENACE) to develop renewable energy in Mexico. We look forward to leveraging this win to further increase our growth momentum in Mexico and other emerging solar markets as we continue to seek project development opportunities in other markets."
As of 31 December 2015, JinkoSolar had connected approximately 1,006.6MW of solar power projects to the grid in China.
As well its home market China, JinkoSolar also distributes solar products and sells its solutions and services to customers across the US, Japan, Germany, the UK, Chile, South Africa, India, Mexico, Brazil, the UAE, Italy, Spain, France, Belgium, and other countries and regions.
