Atlas Renewable Energy has energized 300 MW solar plant in Mexico; Trina Tracker to supply 520 MW of trackers to Brazil; Forbright Bank arranges debt for 73 MW solar capacity of Infinigen Renewables in Puerto Rico.
300 MW solar plant online in Mexico: Atlas Renewable Energy has switched on the 300 MW La Pimienta Solar Park in Mexico's Carmen municipality in Campeche, calling it the country's 2nd largest operational solar plant. Equipped with more than 1 million solar panels, the project is spread across 651 hectares. It will produce an estimated 789 GWh annually for the Federal Electricity Commission under a 15-year power purchase agreement (PPA) and benefit over 300,000 families in the Yucatan Peninsula, it added. Mexico recently committed to investing $48 billion to install 30 GW additional combined wind, solar, geothermal and hydroelectric capacity by 2020 (see Mexico Targets Over 40 GW Wind & Solar Capacity By 2030).
Trina Tracker bags 520 MW Brazilian deal: Trina Solar's Trina Tracker says it will supply 520 MW of its smart trackers to Grupo Rio Alto for the Santa Luzia Complex, one of the largest solar projects in the country. Trina will deliver its Vanguard1P trackers with SuperTrack artificial intelligence to the bifacial project located in Paraiba region, starting from February 2023 and complete the order by the end of 2023. Construction of the entire 520 MW complex, made up of 9 units, is scheduled to complete in 2024. Trina Tracker expects to exit 2022 with the sale of 1 GW trackers in Brazil.
73 MW solar in Puerto Rico raises funds: Forbright Bank has raised and syndicated debt facilities for 73 MW solar power capacity in Puerto Rico for Infinigen Renewables. A subsidiary of ArcLight Energy Partners Fund VII, LP, Infinigen is operating this capacity in the form of 2 solar parks—Oriana in Isabela and Horizon in Salinas. Both are contracted under 20-year PPAs with the Puerto Rico Electric Power Authority (PREPA). Forbright said this financing helps to progress the island's energy revolution as PREPA targets 40% renewable energy generation capacity by 2025 and scale it up to 100% by 2050. It will need to go up from only3% share the island had of renewables in its total electricity mix, while the rest came from imported oil, coal and fracked gas.