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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

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 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.

See Also:

CFE will also receive clean energy certificates for a period of 20 years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

JinkoSolar 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.