White River has reached an agreement to acquire two solar photovoltaic (PV) plants in Mexico from Jinko Solar, one of the world’s largest and innovative solar panel manufacturers in the world (NYSE:JKS):
– Las Viborillas, a 130MWp PV plant located in Aguascalientes
– San Ignacio, a 25MWp PV plant located in the Yucatán Peninsula
Both plants are fully operational, having reached COD under their PPAs in September 2018 and May 2019, respectively. Closing is subject to customary approvals.
White River Renewables (“White River”) is a newly-created Mexican renewable energy company jointly sponsored by Riverstone Holdings (“Riverstone”), one of the global leaders of the energy and power private equity sector, and White Summit Capital (“WSC”), a Switzerland-based firm specializing in infrastructure investments and asset management.