trending Market Intelligence /marketintelligence/en/news-insights/trending/K0Aa61eOScBT9vcm5AmUCQ2 content esgSubNav
In This List

SunPower wins PPAs for 500-MW solar capacity in Mexico

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall


SunPower wins PPAs for 500-MW solar capacity in Mexico

SunPower Corp.on April 1 said it won power purchase agreements to supply 500 MW, or 1 TWh, ofsolar capacity to Mexico's ComisiónFederal de Electricidad.

The awards include about 400 MW in Yucatan and more than 100MW in Guanajuato together with their associated clean energy certificates. The PPAswere awarded under Mexico's first electricity power auction, which was held as aresult of the country's sweeping energy sector reform.

Overall, SunPower won about 20% of the total energy and 25% ofthe solar energy under the auction, as per the results announced by Mexico's NationalCenter for Energy Control. Project development and construction is subject to severalfactors, including contract execution, the company said.

In December 2015, SunPower announced a long-term PPA to supply 36 MW of solar power to Grupo Aeroportuariodel Sureste SAB de CV, which is the operator of Cancun Airport and eight other airportsin southeast Mexico.

SunPower is majority-owned by Total SA.