Iberdrola to reach 1,000 MW renewable energy capacity in Mexico by 2019
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Spain-based electric utility company Iberdrola aims to reach 1,000 megawatts (MW) of installed renewable power capacity in Mexico by 2019. For that end, the firm currently invests US$ 780 million to build four facilities in four different states (two wind farms and two photovoltaic plants) with an output of 600 MW.
The wind farms, with a combined output of 325 MW, will be located in the states of Puebla and Guanajuato, while the photovoltaic plants of 275 MW are under construction in San Luis Potosi and Sonora.
The wind farms are PIER, with 220 MW of capacity and located in the state of Puebla, which will be the next phase of the PIER II project currently operating, and Santiago Eolico, with 105 MW, located in Guanajuato. Both projects are expected to be commissioned in 2019.
Iberdrola will also build a 105 MW photovoltaic plant in Hermosillo, Sonora, and the 170 MW Santiago facility in San Luis Potosi. Both are expected to be operational at the end of 2018. These facilities will be Iberdrola's first venture into the area of large scale photovoltaic energy, given the installed capacity they will have.
Iberdrola chose Mexico for this new renewable energy commitment due to its excellent regulatory conditions and its solar resource.
Iberdrola is developing these four wind and solar energy projects under the framework of long-term contracts (PPAs) with private industrial customers, which the company will provide the generated power to and the Clean Energy Certificates associated with these renewable energy facilities.
In addition to these renewable energy farms under construction, Iberdrola already has 366 MW capacity distributed between the La Ventosa wind farm (201 MW), La Venta III farm (102 MW), Bii Nee Stipa farm (26 MW), Pier II farm (66 MW) and Dos Arbolitos farm (70 MW).