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July 31, 2016

China’s JinkoSolar signs PPAs for three 188MWac solar projects in Mexico

Chinese photovoltaics (PV) manufacturer JinkoSolar has signed three power purchase agreements (PPA) with Mexico's Federal Electricity Commission, also known as Comisión Federal de Electricidad (CFE), for three 188MWac solar projects in the North American country.

By Lopamudra Roy

Chinese photovoltaics (PV) manufacturer JinkoSolar has signed three power purchase agreements (PPA) with Mexico's Federal Electricity Commission, also known as Comisión Federal de Electricidad (CFE), for three 188MWac solar projects in the North American country.

Under the three agreements, JinkoSolar will start solar energy production at the three project sites by mid-2018.

JinkoSolar chairman Xiande Li said: “I’m pleased to have completed these PPAs after having been awarded our first large scale overseas projects in Mexico.

"Solar is becoming increasingly competitive in an ever-expanding number of countries and regions."

“Solar is becoming increasingly competitive in an ever-expanding number of countries and regions. Mexico is an attractive market for solar power and is showing great potential which we intent to take advantage of.”

The power generated at the new facilities will be divested to CFE under the PPAs for a period of 15 years and to the related Clean Energy Certificates (CELs) for a period of 20 years.

Awarded in April, the three new PPAs were signed between JinkoSolar and CFE under the first Long-Term Electricity Auction of Mexico.

Slated to be conducted in September, the second auction is expected to be as successful as the first.

In May, JinkoSolar supplied 122MW of solar PV modules to Pattern Energy Group for its Conejo solar project in Chile.

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