Engie forms Mexican JV with Japanese utility

Engie and Japanese utility Tokyo Gas have formed Heolios EnTG -- a 50:50 joint venture (JV) aiming to develop six renewable energy projects in Mexico.

Engie commissioned the 51.8MW Tres Mesas III wind farm in March 2019
Engie commissioned the 51.8MW Tres Mesas III wind farm in March 2019

The utility invested more than JPY 20 billion ($180 million) in the JV, through its US subsidiary Tokyo Gas Renewable, to acquire the 50% stake.

The six-project portfolio has a combined capacity of 898.7MW and includes two wind farms and four solar PV sites.

Name Capacity Technology Location
Tres Mesas III 51.8MW Wind

east Mexico

Tres Mesas IV 100.8MW Wind Tamaulipas,
east Mexico
Trompezon 158.6MW Solar PV Aguas Calientes,
central Mexico
Villa Ahumada 199.8MW Solar PV Chilhuahua,
north Mexico
Abril 134.2MW Solar PV Sonora,
northwest Mexico
Calpulalpan 253.5MW Solar PV Tlaxcala,
south Mexico 

The JV’s projects will form part of the 9GW of renewable energy capacity Engie plans to bring online by the end of 2021.

The projects are backed by 15-year power purchase agreements with Mexican state-owned utility CFE, which Engie was awarded in the country's power auctions.

Apart from the already-commissioned Tres Mesas III wind site, the projects will start commercial operation in 2019 and 2020, Engie stated.

The projects will be Tokyo Gas’ first renewable energy projects outside of its native Japan.

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