FRV finishes financing agreement with KFW for 342 MW dc Potosí Solar Farm in Mexico

Global developer of renewable utility-scale projects, Fotowatio Renewable Ventures has attained financial close for 342 MW dc Potosí Solar Farm in Mexico with KFW  Kreditanstalt für Wiederaufbau, Bancomext and ING.

Located near a major network infrastructure – 60km northeast of the city of Zacatecas in the State of San Luis de Potosí – Potosí Solar Farm will be connected to the national electricity grid, generating enough energy to power around 150,000 households. At the same time, it will mitigate greenhouse gas emissions by approximately 600,000 tons of CO2 per year.

Rafael Benjumea, Chief Executive Officer of FRV, said: “Mexico has enormous renewables potential. That is why we are committed to bringing clean energy and job creation in the country. This particular project will contribute to socio-economic development and allow us to continue leading international trends in the production of clean, competitive and sustainable energy.”

The plant is set to have an extension of approximately 800 hectares attempting to commence operations in early 2018. Anticipated to become operational by early 2019 thereby contributing to the economic development of the area.

Image Source: Fotowatio Renewable Ventures