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Project

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

Sector: Electricity


Last Revision

November 04, 2024
Power Auction:
SLP-1/2017: Third Long Term Power Auction
 
Short Name of the Project:
0704 CENACE. 3rd Long Term Power Auction (SLP 1/2017) El Mayo
Type of Investment:
Greenfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 103 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

1,935,000,000

Estimated Investment USD:

113,157,894

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
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DESCRIPTION
The project consists of the design, construction, equipment, installation, operation and maintenance of “El Mayo” photovoltaic power plant with a total production capacity of 99 MW in the state of Sonora. The plant has the following features:
Power Zone: National
Export Area: “Noroeste”
Price Area: Obregon
Interconnection Zone: EL MAYO-(EMY-115)-115

Canadian Solar Energy México, was assigned the following contract through CENACE's 2017 long-term power auction:

Contract number: SLP2017010102-011 related to:
- Energy for 210,426 MWHr/Year during 15 years and Renewable Energy Certificates (CEL) for 252,511 CEL/Year during 20 years, with an offered price of MXN$93,012,977

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
1,935,000,000
USD
113,157,894
Payment Source
Project revenues / Rate
The Clearing House is responsible for making the corresponding payments, derived from the following Electric Coverage Contracts with buyers and sellers:
- “Entidades Responsables de Carga” and the Clearing House
- Clearing House and the Generators

STATUS
Stage
  Execution
RELEVANT DATES
Request for proposals/Announcement May 08, 2017
Proposals Reception November 08, 2017
Ruling November 22, 2017
Contract Signing April 09, 2018
Execution/Construction Starting Date April 09, 2019
Operation Starting Date July 31, 2024
Term of the Contract 2035
Contractor
Sunmex Renovables  
Major Contractor’s Shareholders
Canadian Solar

GEOLOCATION
State(s)
Sonora   

SPONSOR
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Entity
Private
Department
Canadian Solar Energy México
Institutional Arrangement

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
Website
 Ruling 2017
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Source
Secretaría de Medio Ambiente y Recursos Naturales
Description
Federal government entity and sectorial authority responsible for establishing the necessary criteria and instruments to guarantee the protection, preservation, and use of natural resources, by developing an environmental policy that ensures sustainable growth.
ID
26SO2018E0110
Permits
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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/2028/GEN/2018
Permit
ID
Proemio: E/2028/GEN/2018
Resolutions Additional Information

MULTIMEDIA
0703 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP 1/2017) Horus 0705 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-01/2017) Tres Mesas 4...

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