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

Sector: Electricity


Last Revision

October 31, 2025
Power Auction:
SLP-1/2017: Third Long Term Power Auction
 
Short Name of the Project:
0699 CENACE. 3rd Long Term Power Auction (SLP-1/2017) Bacabachi I
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 224 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

4,043,480,000

Estimated Investment USD:

218,566,486

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 “Bacabachi 1” (Novojoa) photovoltaic power plant with a total production capacity of 224 MW in the state of Sonora. The plant has the following features:
Power Zone: National
Export Area: “Noroeste”
Price Area: Obregon
Interconnection Zone: EL MAYO-(EMY-230)-230

X-Elio Energy, was assigned the following contract through CENACE's 2017 long-term power auction:

Contract number: SLP2017010076-002 related to:
- Power for 10 MW/Year during 15 years, energy for 435,354 MWHr/Year during 15 years and Renewable Energy Certificates (CEL) for 483,727 CEL/Year during 20 years, with an offered price of MXN$207,102,427

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
4,043,480,000
USD
218,566,486
Payment Source
Project revenues / Rate
The Clearing House is responsible for making the corresponding payments, derived from the following Electric Coverage Contracts with buyers and sellers:
- “Entidades Responsables de Carga” and the Clearing House
- Clearing House and the Generators

STATUS
Stage
  Operation
Substage
  > 5 years of operation
RELEVANT DATES
Request for proposals/Announcement May 08, 2017
Proposals Reception November 08, 2017
Ruling November 22, 2017
Contract Signing April 13, 2018
Execution/Construction Starting Date October 16, 2018
Operation Starting Date July 15, 2020
Term of the Contract 2035
Contractor
Kenergreen  
Major Contractor’s Shareholders
Gestamp, KKR

GEOLOCATION
State(s)
Sonora   

SPONSOR
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Entity
Private
Department
X-Elio Energy
WebsiteInstitutional Arrangement

ADDITIONAL INFORMATION
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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
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 2017
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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/2090/GEN/2018
Permit Resolution
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Source
Concessionaire / Related Company
Website

MULTIMEDIA
0693 Tramo Carretero Las Varas-Puerto Vallarta 0700 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Pachamama

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