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DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A PHOTOVOLTAIC POWER PLANT, IN THE STATE OF SAN LUIS POTOSi.

Sector: Electricity


Last Revision

October 13, 2025
Power Auction:
SLP-1/2016: Second Long Term Power Auction
 
Short Name of the Project:
0565 CENACE: 2nd Long Term Power Auction (SLP 1/2016) Potosí Solar
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 329 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

5,400,000,000

Estimated Investment USD:

291,891,891

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2025: $ 18.5
Contract Scope:
  Design,  Construction,  Equipment,  Installation,  Operation,  Maintenance
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DESCRIPTION
The project consists of the design, construction, equipment, installation, operation and maintenance of “Potosí Solar” photovoltaic power plant with a total production capacity of 329 MW in the state of San Luis Potosí. The plant has the following features:
Power Zone: National
Export Area: “Noreste”
Export Subarea: “Noreste-Coahuila/Monterrey”
Price Area: Saltillo
Interconnection Zone: PRIMERO DE MAYO PMY-400 A3J70 CAÑADA KDA-400

Consorcio Fotowatio, was assigned the following contracts through CENACE's 2016 long-term power auction:
Contract number: SLP2016010206-01 related to:
- Energy for 779,161 MWHr/Year during 15 years, with an offered price of MXN$239,202,427
Contract number: SLP2016010206-02 related to:
- Renewable Energy Certificates (CEL) for 779,161 CEL/Year during 20 years, with an offered price of MXN$163,623,810

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
5,400,000,000
USD
291,891,891
Payment Source
Project revenues / Rate
Electric Coverage Contract between “Suministro Básico” (Public Service Regulatory Entity) and the Generator.

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Request for proposals/Announcement April 29, 2016
Proposals Reception August 01, 2016
Ruling September 28, 2016
Execution/Construction Starting Date January 29, 2018
Operation Starting Date May 11, 2019
Term of the Contract 2034
Contractor
FRV Potosí Solar  
Major Contractor’s Shareholders
Fotowatio Renewable Ventures

GEOLOCATION
State(s)
San Luis Potosi   

SPONSOR

ADDITIONAL INFORMATION
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Source
Secretaría de Medio Ambiente y Recursos Naturales
Description
Federal government entity and sectorial authority responsible for establishing the necessary criteria and instruments to guarantee the protection, preservation, and use of natural resources, by developing an environmental policy that ensures sustainable growth.
ID
24SL2017ED004
Permits
ID
24SL2018E0027
Permits, expansion
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Source
Centro Nacional de Control de Energía
Description
Public entity whose objective is to exercise operational control over the national electric system and the operations of the wholesale electricity market, and to guarantee impartial access to the national transmission network and to the general distribution network
Website
 Ruling 2016
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Source
Comisión Nacional de Energía
Description
Decentralized body of the Ministry of Energy that has technical and operational independence to regulate energy matters.
ID
E/1919/GEN/2017
Permit
ID
RES/1216/2017
Resolution
ID
RES/493/2019
Resolution
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Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.
Social Impact Assessment
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Source
Concessionaire / Related Company
Website

MULTIMEDIA

REMARKS
The electricity generation project is carried out in two stages:
Stage 1 starting operations on May 11th, 2019 for the generation of 300 MW.
Stage 2 starting operations on May 7th, 2021 for the generation of 29 MW.
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