Sempra Energy's Unit IEnova Awarded Its First Two Solar Energy Projects In Mexico
SAN DIEGO, Sept. 29, 2016 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), has been awarded two solar energy projects in a recent auction conducted by Mexico's Centro Nacional de Control de Energía. The two projects will total 141 megawatts (MWac) of capacity with an expected investment of approximately $150 million.
"We are pleased to play an important role supporting Mexico's clean energy initiatives," said Mark Snell, president of Sempra Energy. "Development of renewable energy is an important part of IEnova's growth strategy moving forward."
The Rumorosa Solar complex is a 41-MWac (53-MWdc) single-axis photovoltaic (PV) project that will be located in Baja California, Mexico.
The Tepezalá II Solar complex is a 100-MWac (133-MWdc), single-axis PV project located in Aguascalientes, Mexico. This project will be developed in a partnership with Trina Solar, one of the world's leading PV companies.
The two projects will be contracted by the Comisión Federal de Electricidad under a 15-year renewable energy and capacity agreement and a 20-year clean energy certificate agreement.
Construction on both projects are expected to begin in 2018 and operations are scheduled for the first half of 2019.
Earlier this month, IEnova announced an agreement to acquire the largest wind farm in Mexico, Ventika I and Ventika II, in the state of Nuevo León. IEnova also developed and owns a 50-percent stake in the 155-MW Energía Sierra Juarez wind-generation facility in Baja California.
IEnova develops, builds and operates energy infrastructure in Mexico. As of Dec. 31, 2015, the company had invested more than US$4 billion in operating assets and projects under construction in Mexico and is one of the largest private energy companies in the country. IEnova is the first energy infrastructure company to be listed on the Mexican Stock Exchange.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2015 revenues of more than $10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide.
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Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not the same companies as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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