Trina Solar, a vertically integrated Chinese solar power company, announced that it won a total of 104 MWp of solar power projects last month during Mexico’s third long-term power auction.
Trina Solar partnered with Mitsui & Co., Ltd, as co-investor to enter the auction process of the project to be built by Trina Solar in Zacatecas.
The auction, which saw solar projects snap up 55% of the contracted energy and 58.3% of the clean energy certificates on offer, ushered in a new world record-low price of US$ 20.57/MWh, according to Mexico’s National Centre for Energy Control (CENACE). The total expected investment for round three is US$ 2.4 billion.
Commercial operation of the large-scale solar array is expected to begin by the second quarter of 2020, and Trina Solar has secured clean energy certificates to be sold under a 20-year purchase agreement. A 15-year power purchase agreement (PPA) is also in place.
Once completed, the Zacatecas solar park will represent Trina Solar’s second-largest PV project in the country, following the securing of a contract to build the 133 MW Aguascalientes solar farm in Mexico’s second long-term auction last year.