Project

DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A PHOTOVOLTAIC POWER PLANT IN THE STATE OF HIDALGO.

Sector: Electricity


Last Revision

February 01, 2024
 
Short Name of the Project:
0575 CENACE. 1st Long Term Power Auction (SLP-1/2015) Guajiro 2
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 116 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

2,912,000,000

Estimated Investment USD:

170,292,397

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $ 17.1
Contract Scope:
  Design,  Construction,  Equipment,  Installation,  Operation,  Maintenance

DESCRIPTION

The project consists of the design, construction, equipment, installation, operation and maintenance of “Guajiro 2" (Dañu II) photovoltaic power plant with a total production capacity of 101.4 MW in Nopala de Villagran, Hidalgo. The plant has the following features:
Power Zone: National
Export Subarea: “Occidental”
Price Area: Querétaro
Interconnection Zone: SAN LUIS DE LA PAZ II SPA-230-93080 LAS DELICAS LDE-230

Sunpower System México, was assigned the following contract through CENACE's 2015 long-term power auction:

Contract number: SLP-2015010018-03 related to:
- Energy for 269,155 MWHr/Year during 15 years and issue Renewable Energy Certificates (CEL) for 263,815 CEL/Year during 20 years, with an offered price of MXN$204,932,823.

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
2,912,000,000
USD
170,292,397
Payment Source
Project revenues / Rate
Electric Coverage Contract between “Suministro Básico” (Public Service Regulatory Entity) and the Generator.

STATUS

Stage
  Operation
Substage
  < 5 years of operation
RELEVANT DATES
Request for proposals/Announcement November 30, 2015
Proposals Reception January 20, 2016
Ruling March 31, 2016
Contract Signing July 12, 2016
Execution/Construction Starting Date November 19, 2017
Operation Starting Date September 01, 2020
Term of the Contract 2035
Contractor
Atlas Renewable Energy  
Major Contractor’s Shareholders
Atlas Renewable Energy

GEOLOCATION

State(s)
Hidalgo   

Entity in charge of controlling the possession of communal land, as well as providing documentary legal security derived from the application of the Agrarian Law, and is the operator of the Geospatial Information System (SIG).

SPONSOR

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Entity
Private
Department
Atlas Renewable Energy

SUSTAINABLE INFORMATION

PROJECT’S SUSTAINABILITY SUMMARY

Guajiro is a 129.5 MW annual solar generation project to generate enough clean energy to supply more than 120,000 homes, avoiding the emission of 100,000 tons of CO2.

* This summary was prepared based on the methodological framework defined by the Inter-American Development Bank (IDB) in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which is You can check Here.

Additionally, a brief explanation of the methodology and a summary of the questions applied can be consulted in this Document.

ADDITIONAL INFORMATION

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Source
Centro Nacional de Control de Energía
Description
Public entity whose objective is to exercise operational control over the national electric system and the operations of the wholesale electricity market, and to guarantee impartial access to the national transmission network and to the general distribution network
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Source
Comisión Reguladora de Energía
Description
The Energy Regulatory Commission is an independent regulatory entity that fosters the efficient growth of the sector, as well as of a reliable power supply. Its mission is to regulate the activities of the power industry in a transparent, impartial, and efficient manner, in order to generate the required certainty that encourages productive investment, promotes healthy competition, and generates an adequate coverage of services.
ID
E/1948/GEN/2017
Permit
ID
Proemio: E/1948/GEN/2017
Resolutions Additional Information

REMARKS

The electricity generation project is carried out in two stages:
Stage I: with start of operations in September 2019 for the generation of 101.4 MW
Stage II: with start of operations on September 1, 2020 for the generation of 14.6 MW

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