trending Market Intelligence /marketintelligence/en/news-insights/trending/oN6dw9RAT6njNKh7ywyYPQ2 content esgSubNav
In This List

Fotowatio Renewable closes financing of 296-MW Mexican merchant solar farm

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Fotowatio Renewable closes financing of 296-MW Mexican merchant solar farm

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.