- Press Releases
April 22 (Renewables Now) - Enel Green Power (EGP) has installed the first of 550,000 bifacial panels as part of the 220-MW Magdalena II solar photovoltaic (PV) project in Mexico’s Tlaxcala state, it announced on Friday.
The renewables subsidiary of Italian energy major Enel SpA (BIT:ENEl) said in a statement that panel installation continues and that the company expects to finalise the solar plant by the end of the year. It noted that this is the first EGP project equipped with bifacial modules, which enable capturing light from both the front and back.
Building this specific solar park requires a total investment of about USD 165 million (EUR 146.7m). The project has a number of contracts for the sale of power and clean energy certificates (CEL) to private consumers on a large scale.
Upon completion, the Magdalena II facility will have the capacity to generate some 600 GWh of electricity per year.
(USD 1.0 = EUR 0.889)