Engie and Tokyo Gas have formed a collective venture that will produce wind and solar power projects in Mexico with a connected capacity of over 998MW.
The 50:50 JV, called Heolios EnTG, will produce, finance, build, own, operate and maintain six renewable power projects totaling 998.7MW.
Two of the offices will be onshore wind, including the operational 50MW Tres Mesas plant, and four are solar fields.
The five remaining communities will come online this year and next. They are the Tres Mesas 5 wind farm, and the Abril and Calpulalpan PV plants.
All projects have 25-year power bargaining agreements secured in Mexican power auctions.
Heolios EnTG builds on a connection between the two groups dating back to 1983, the allies said.
Engie Latin America business head Pierre Chareyre said: “We are happy to further consolidate the bond of mutual trust among our teams and those of Tokyo Gas with the production of Heolios EnTG.
“This joint venture will connect our complementary areas of expertise and will allow Engie to continue to grow in a key area, the growth of renewables in Mexico with Tokyo Gas.
“The partnership scheme performed with Tokyo Gas also highlights Engie’s responsibility to dynamic resources allocation through sell-downs and new purchases.
“Heolios EnTG will also enable Engie to actively help Mexico in achieving its national renewable targets and to decarbonize its energy roots.”
Tokyo Gas senior operating executive officer K Nohata said: “We are very pleased to have this chance to actively engage in the Mexican renewable business together with Engie, now a world company in the renewable area, with whom we have a longstanding connection.
“We strongly believe Heolios EnTG would bring success to both ENGIE and Tokyo Gas.