Neoen was founded in 2008 and is the largest independent developer of solar and wind energy in France. The company is active in 12 countries including countries in Latin America and Africa. Cumulatively, Neoen currently has 2.3 GW of capacity in operation or under construction, which is set to increase to 5 GW by 2021.
This 375MWp capacity plant is the largest asset yet developed by Neoen.
The proceeds will be used to finance and refinance the development, construction and operation of El Llano 375 MWp solar photovoltaic power generation plant in Aguascalientes, Mexico
While Mexico has a renewable electricity generation target of 35% by 2024 and 505 by 2050, its electricity generation is currently dominated by natural gas.