Fotowatio Renewable Ventures BV announced Sept. 18 that it reached financial close for its 296-MWdc Potrero solar project in Lagos de Moreno, in the state of Jalisco, Mexico.
Potrero is Fotowatio Renewable's second power plant in Mexico and is expected to become operational in mid-2020.
Potrero is the first project by Fotowatio Renewable in Mexico to have completed financial close before its output is secured in a contract or committed in any tender schemes, according to a Sept. 18 news release. It is also one of the largest merchant solar photovoltaic projects in the world, according to the company. Once operational, its output and clean energy certificates will trade on Mexico's energy market.
Fotowatio Renewable is a subsidiary of Abdul Latif Jameel Co. Ltd.
