Home / Solar Energy / Sojitz acquires stake in 348MW solar portfolio in Mexico

Sojitz acquires stake in 348MW solar portfolio in Mexico

Japanese trading business Sojitz has actually gotten a 66.7% risk in Alten RE Dope The U.S.A. from its moms and dad business Alten Renewable Energy Advancement to run solar energy profile in Mexico.

The risk purchase makes it possible for Sojitz to get to Alten The U.S.A.’s 2 running business in Mexico, which are intending to build 2 solar plants completing 348MW.

These 2 solar plants will certainly be built by September 2018, in the Mexican state of Aguascalientes. The solar plants will certainly each have a power creating ability of 180MW as well as 168MW.

The clean electricity created from the plants will certainly be offered to a fully-owned subsidiary of Mexico’s state-owned power firm, Comisión Federal de Electricidad (CFE), according to a long-lasting power acquisition arrangement.

Sojitz has actually become part of solar energy jobs in the Latin American area in 2015, beginning with Peru and after that in 2017 in Chile. With the risk procurement in both solar jobs in Mexico, Sojitz’s complete solar capability has actually risen by concerning 500MW.

The firm mentioned that it will certainly continuously proactively purchase renewable energy jobs in Mexico et cetera of the Latin American nations in the coming future.

According to Sojitz, Mexico has a massive capacity for solar energy, as it flaunts much better solar radiation protection worldwide, though it does not have as numerous solar plants in the nation.

In 2015, the Mexican federal government opened it energy field for personal business. The nation anticipates to utilize the reform to attain its objective of making renewable energy to add 40% to its energy mix by 2035.


Image: Sojitz invests in solar project in Mexico. Photo: Courtesy of RK008/FreeDigitalPhotos.net.

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