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DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A PHOTOVOLTAIC POWER PLANT IN THE STATE OF BAJA CALIFORNIA SUR.

Sector: Electricity


Last Revision

February 01, 2024
Power Auction:
SLP-1/2015: First Long Term Power Auction
 
Short Name of the Project:
0588 CENACE. 1st Long Term Power Auction (SLP-1/2015) Sol de Insurgentes
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 27.20 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

1,904,000,000

Estimated Investment USD:

111,345,029

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $ 17.1
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 “Sol de Insurgentes” eolic power plant with a total production capacity of 27.2 MW in the state of Baja California Sur. The plant has the following features:
Power Zone: Baja California Sur
Export Subarea: Baja California Sur
Price Area: “Villa Constitución”
Interconnection Zone: INSURGENTES INS-115

Sol de Insurgentes, was assigned the following contract through CENACE's 2015 long-term power auction:

Contract number: SLP2015010445-03 related to:
- Energy for 60,965 MWHr/Year during 15 years and issue Renewable Energy Certificates (CEL) for 60,518 CEL/Year during 20 years, with an offered price of MXN$50,500,753

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
1,904,000,000
USD
111,345,029
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 November 30, 2015
Proposals Reception January 20, 2016
Ruling March 31, 2016
Contract Signing July 12, 2016
Execution/Construction Starting Date July 29, 2019
Operation Starting Date March 31, 2021
Term of the Contract 2034
Contractor
Sol de Insurgentes  
Major Contractor’s Shareholders
Engie

GEOLOCATION
State(s)
Baja California Sur   
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Entity in charge of controlling the possession of communal land, as well as providing documentary legal security derived from the application of the Agrarian Law, and is the operator of the Geospatial Information System (SIG).

SPONSOR
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Entity
Private
Department
Sol de Insurgentes
WebsiteInstitutional Arrangement

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
03BS2014ED021
Permits
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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 2015
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Source
Comisión Reguladora de Energía
Description
The Energy Regulatory Commission is an independent regulatory entity that fosters the efficient growth of the sector, as well as of a reliable power supply. Its mission is to regulate the activities of the power industry in a transparent, impartial, and efficient manner, in order to generate the required certainty that encourages productive investment, promotes healthy competition, and generates an adequate coverage of services.
ID
E/2218/GEN/2019
Permit
ID
PROEMIO: E/2218/GEN/2019
Resolutions Aditional information
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Source
Concessionaire / Related Company
Website

MULTIMEDIA

REMARKS
The date of commercial operation that appears in the Permit Title E/2218/GEN/2019 is considered the start of operation.
0584 CENACE: 1a Subasta Eléctrica de Largo Plazo (SLP-1/2015) Concunul 0589 CENACE: 1a Subasta Eléctrica de Largo Plazo (SLP-1/2015) Parque Eólico...

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