Enel will be investing around 650 million US dollars in the construction of Villanueva as part of the investment outlined in its current strategic plan. The project is being financed through the Group’s own resources. 

Villanueva is owned by EGPM subsidiaries Villanueva Solar SA de CV and Parque Solar Villanueva Tres SA de CV and is composed by the 427 MW1 Villanueva 1 and the 327 MW1 Villanueva 3 parks, which are being built at the same time. The overall 754 MW1 facility is expected to enter into service in the second half of 2018 and to generate over 1,700 GWh each year, equivalent to the energy consumption needs of over 1.3 million Mexican households, while avoiding the emission of more than 780,000 tonnes of CO2 in the atmosphere.

In March 2016, in Mexico’s first long-term public tender since its energy reforms, Enel was awarded the right to sign 15-year energy supply and 20-year clean certificate supply contracts for around 1 GW of solar capacity with Villanueva 1 and Villanueva 3, as well as with the 238 MW1 Don José PV project. Enel was awarded more capacity than any other player taking part in the tender, confirming its position as the largest renewables operator in Mexico in terms of installed capacity.