The China-based solar energy company Risen Solar recently announced that it would be investing about $600 million into a soon-to-be-constructed 300 MW solar power plant being developed in Mexico, in a statement to its shareholders.
In the statement, the company — based out of Ningbo, Zhejiang province, China — stated that the 300 MW project will be developed in three separate phases, and located in the Mexican state of Durango.
The project actually dates all the way back to 2011 — when it was slated to be a 200 MW project — as per letters of intent signed between the Chinese company and the state of Durango.
As per current plans, at least 250 MW of capacity are slated to be online by 2017.
Surprisingly, this is one solar power company that it seems we’ve never written on. But Mexico is a hot and rising solar market.
Related:
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Fox Energy, Foxconn Subsidiary, To Supply SunEdison With Solar Modules Manufactured In Mexico
250 MW of Distributed Solar Power to be Developed in Mexico by New Partnership
Latin America’s Largest Distributed Solar Development Will Be Unsubsidized
Commercial Solar Grid Parity Now Reality In Italy, Germany, & Spain
Latin America And Caribbean Region Expected To Install 9 GW Of Solar In 5 Years
Three Reasons Solar Will Outshine Fossil Fuels In Mexico
Image Credit: Risen Solar
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