- Dhamma Energy says it has secured environmental permits in Mexico for 554 MW PV capacity
- It will be developed in the form of three large scale projects in central Mexico
- The company targets to bring the three projects to ready-to-build stage by the middle of next year
Spain headquartered utility scale solar power developer Dhamma Energy will be building three solar power projects with a combined capacity of 554 MW in Mexico after it secured environmental permits from the administration. It expects the plants to reach ready-to-build stage by the middle of 2020.It doesn’t share further details of these projects except that these will be built in central Mexico.
This 554 MW capacity comes in addition to the 470 MW Dhamma Energy has already developed in the Latin American nation out of a 2 GW of solar portfolio at various stages of development. The 470 MW capacity is scheduled to be commissioned in 2019 and 2020, it said.
The company sold the 119 MW Horus Solar Plant, part of this portfolio, to Canadian Solar post development stage which the Chinese company is now constructing. However, in the meantime Canadian Solar has given up a 49% stake in the Horus as well as the 125 MW Tastiota and 126 MW El Mayo solar projects in Mexico to South Korea’s KEPCO and Sprott Korea. The Horus solar project is expected to come online in Q2/2020 (see South Korean Entities Buy Stake In Mexican Solar Projects).
The Spanish developer says its portfolio and plants correspond to projects that sell power generated to private companies or to the market, but Horus is the only project it developed under the public auction scheme in Mexico.
In July 2018, Dhamma Energy sold the 108 MW Mexican solar power project in Guanajuato to Prana Power (see Mexican Asset Manager Acquires 108 MW PV Project).