Sempra Energy's Subsidiary IEnova Signs Two Long-Term Solar Capacity Agreements With Liverpool And Circle K
150 MW Total Capacity Contracted for Solar Facility to be Located in Juárez, Mexico
Sep 26, 2019
SAN DIEGO, Sept. 26, 2019 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), has signed two 15-year clean energy contracts with subsidiaries of Comercializadora Círculo CCK, S.A. de C.V. (Circle K18) and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool). These corporate contracts will help solidify IEnova's commitment to the development of clean energy infrastructure in Mexico.
IEnova will supply energy for these contracts with power generated by a new solar facility located in Juárez, Chihuahua, south of El Paso, Texas. The $160 million project is expected to have an installed capacity of 150 megawatts (MW) and is anticipated to begin operations in the second half of 2020.
IEnova's clean energy portfolio includes more than 1,000 MW of solar and wind power generation in construction and operations.
IEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2018, the company had invested more than U.S. $8.8 billion in operating assets and projects under construction in Mexico, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange and the Sustainable IPC.
Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets for 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index.
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These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov. Investors should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise.
Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra South American Utilities, Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the California Public Utilities Commission.
SOURCE Sempra Energy
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