Spain-based Gransolar completes solar plant in Camargo, Chihuahua

31 July, 2017

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Spain-based developer Gransolar announced it has completed the construction of a 35.4 MW photovoltaic plant in Camargo, Chihuahua for the Balam Fund, a private equity fund that invests in the Mexican renewable energy sector.

A total of 113,000 solar photovoltaic (PV) panels were installed in the power plant to generate 83 GWh of electricity, enough to provide for more than 30,000 homes.

The company said that the construction and commissioning phases have been completed and that the installation complies with the relevant grid codes and standards. All parts involved are satisfied and convinced that it can operate as intended and safely.

In May, Gransolar obtained the COD (Commercial Operation Date), which is the point from which the project becomes a revenue generating entity able to fed to the grid, so the customer can charge the energy produced at 100% for each kWh from that date.

Starting July 20, Gransolar began operation and maintenance activities for the plant, which includes all preventive and corrective work.

The project was acquired by Balam Fund from Spanish renewable energy company Avant Energias Renovables for US$ 45 million in March 2016.

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