Engie and Tokyo Gas Co. Ltd Have announced plans to create a new joint venture to develop renewable energy projects in Mexico.
Heolios EnTG will be a 50-50 partnership that will develop, finance, construct, own, operate and maintain six renewable energy projects in Mexico.
The partnership builds on a long-lasting and successful relationship between the two companies that started in 1983, Engie said.
The six projects comprise two onshore wind farms and four solar photovoltaic (PV) plants, with a total combined output of 899 MW. They all have 15-year power purchase agreements awarded in Mexico’s recent power auctions.
One of the power plants, Tres Mesas 3, is a 50 MW wind power facility that entered into commercial operation in March 2019, ahead of schedule. The remaining plants are currently in various stages of construction and will start commercial operation in 2019 and 2020.