EIB to support more than 1 GW solar projects in Mexico
Post date: 04/12/2018 - 18:54
The European Investment Bank (EIB) has signed $87 million to part-finance three photovoltaic solar power plants totaling 1,088 MW, located in Guanajuato and Coahuila States in Mexico (Villanueva I.: 469 MW, Villanueva III: 359 MW and Don José: 260 MW). The Villanueva project in the municipality of Viesca in Coahuila is the largest solar project in the Americas to date. The projects are operated and 20 percent owned by Enel’s global renewable energy business line Enel Green Power and 80 percent owned by institutional investors Caisse de dépot et placement du Québec, and CKD Infraestructura México
EIB´s contribution to the project is funded under the Climate Action and Environment Facility (CAEF). It also supports Mexico’s national target for renewable energy (35 percent by 2024 and around 50 percent by 2050) and contributes to the country’s energy policy objectives, particularly related to reducing greenhouse gas emissions.