October 8 (Renewables Now) - Italian energy major Enel SpA (BIT:ENEl), through its renewables arm Enel Green Power (EGP), will develop a 231.8-MW solar park in Mexico's Tlaxcala state, local media report.
The announcement was made on Sunday when governor Marco Mena met with EGP's representatives. Named Magdalena 2, the photovoltaic (PV) project will require an investment of USD 160 million (EUR 139.4m), Tlaxcala government said on Twitter.
Scheduled to come online in mid-2019, the PV facility will be comprised of 550,000 solar panels, according to Paolo Romanacci, EGP's General Director for Mexico and Central America, who was quoted by local media.
Earlier this month, Enel announced it has closed a deal for the sale of an 80% interest in a 1.8-GW renewable energy portfolio in Mexico.
(USD 1 = EUR 0.87)