Iberdrola enters Mexican solar market with 275 MW of projects
Spanish utility Iberdrola will make its first foray into the Mexican solar market with two large-scale projects: the 105 MW Hermosillo solar plant in the state of Sonora, and the 170 MW Santiago Solar Plant in San Luis de Potosi. Both are covered by long-term power purchase agreements with private customers and add to Iberdrola's existing Mexico portfolio of 6 GW of wind and gas generation capacity.
Iberdrola has begun to build two PV projects in Mexico: Hermosillo Solar Plant, a 105 MW project located in the state of Sonora, and Santiago Solar Plant, a 170 MW project in San Luis de Potosi.

These projects are Iberdrola’s first moves into large-scale solar, although the company has been active in Mexico for several years, and has already installed around 6 GW of wind and gas generation capacity in the country.

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The two PV plants are covered by long term PPAs with private customers, to whom Iberdrola will supply electricity and clean energy certificates. Iberdrola states that it chose Mexico thanks to its ‘excellent regulatory and solar resource conditions’, and names the country as a strategic location in its internationalization strategy.