Tiendas Soriana S.A. de C.V., Mexico’s second largest retail company, and Hanwha Q CELLS, a global supplier of full-service solar power companies, announced a 20-year power purchase agreement (PPA) for 31 MW of photovoltaic (PV) solar power at 120 retail locations across Mexico.
Tiendas Soriana S.A. de C.V., Mexico’s second largest retail company, and Hanwha Q CELLS, a global supplier of full-service solar power companies, announced a 20-year power purchase agreement (PPA) for 31 MW of photovoltaic (PV) solar power at 120 retail locations across Mexico.
The PPA will create significant long-term energy savings for Soriana. The agreement lays the foundation for a long-term partnership, which could lead to new installations at additional Soriana stores in the future.
Hanwha Q CELLS will partner with Mexican developer and construction company ILIOSS to install rooftop and carport systems in Soriana’s stores in Mexico City and the states of Mexico, Jalisco, Querétaro and twelve others. Soriana will reduce a significant portion of their energy demand by using onsite solar power while fixing its long-term energy cost. Hanwha Q CELLS will finance all 31 MW.
Hanwha Q CELLS and ILIOSS have already begun construction on the first seven solar systems in Baja California Sur, which will feature more than 12,000 high-efficiency, German engineered Q CELLS Q.PRO-G3 250 W panels to provide approximately 3.05 megawatts of combined generation capacity. Construction on all 120 sites is expected to be completed by early 2015.