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Tenaris Initiates Construction of 94.5 MW Wind Farm in Argentina to Power Industrial Operations

6 days ago
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Tenaris Initiates Construction of 94.5 MW Wind Farm in Argentina to Power Industrial Operations

Key Insights

  • Energy America and Etisa Energia have signed an MOU to jointly develop hybrid gas turbine and solar PV energy projects across Mexico's industrial regions.

  • The partnership aims to deploy pilot 20 MW hybrid projects, leveraging U.S. EXIM Bank financing to reduce capital costs and risks.

  • The initiative seeks to enhance Mexico's grid reliability, support local economic development, and advance its national clean energy goals.

  • The collaboration outlines specific roles for each partner, including project financing, regulatory compliance, and long-term PPA structuring.

San Francisco, CA – Energy America, a U.S.-based solar technology and infrastructure leader, and Etisa Energia, a Mexican energy development firm, have formalized a strategic Memorandum of Understanding (MOU) to jointly develop and implement hybrid clean energy projects across key industrial regions of Mexico. This landmark collaboration, announced on June 30, 2025, aims to significantly bolster Mexico’s energy security and accelerate its clean energy transition by integrating reliable gas turbine generation with solar photovoltaic (PV) systems. The initiative underscores a critical step in U.S.-Mexico clean energy cooperation, leveraging innovative financing and technology to meet the escalating energy demands of Mexico's industrial sector.

The comprehensive MOU establishes a framework for Independent Power Producer (IPP) structures, Public-Private Partnership (PPP) models, and long-term Power Purchase Agreements (PPAs). The immediate objective is to deploy pilot hybrid power projects, each approximately 20 MW, specifically tailored to serve high-load industrial zones. A cornerstone of the financing strategy involves mobilizing U.S. EXIM Bank-backed instruments, including loan guarantees and export credits, designed to mitigate project capital costs and associated risks. Beyond generation, the partnership is committed to fostering local economic development through solar module localization, vocational training, and adherence to local content targets, aligning with Mexico’s national goal of achieving 35% clean energy generation in the short term.

Zoheb Khan, Vice President of Energy America, emphasized the broader implications of the alliance, stating, “This MOU represents more than a business partnership—it’s a strategic alignment of vision, policy, and technology between Mexico and the United States. Our hybrid power model combines clean solar energy with reliable gas generation to ensure 24/7 energy security for Mexico’s growing industrial demand, while creating skilled jobs and manufacturing capacity.” Under the agreement, Energy America will lead project financing, design, and deployment, supplying high-efficiency U.S.-manufactured solar modules with future potential for Mexican assembly. Its R&D division, Centauri, will facilitate knowledge transfer and technical support.

Conversely, Etisa Energia will navigate the complex Mexican regulatory landscape, securing permits and structuring PPPs with federal and state entities. The firm is also tasked with negotiating bankable long-term PPAs, potentially with off-takers like Comisión Federal de Electricidad (CFE), and identifying optimal project sites within high-solar irradiance industrial zones. Juan Acra, President of Etisa Energia, expressed similar optimism, noting, “Etisa Energia is proud to collaborate with Energy America on this transformative initiative. This MOU strengthens our ability to deliver clean, resilient, and sovereign energy solutions in partnership with the Mexican government and international allies.” Mexican public sector entities, including SENER and CRE, are expected to provide crucial regulatory support, expedited permitting, and potentially serve as long-term energy off-takers under 15–20 year PPA terms.

The envisioned projects will combine baseload gas turbine capacity with daytime solar generation, offering a stable, economically competitive, and environmentally responsible electricity supply. This model directly addresses the energy resilience needs of Mexico’s manufacturing and export-driven economy, aiming to reduce reliance on centralized fossil-based grids. A joint technical committee, involving leadership from Ganymede Utilities (Energy America’s EPC arm) and Centauri, has been established to oversee the implementation roadmap, with quarterly bilateral reviews ensuring continuous progress and policy alignment. This strategic alliance is poised to serve as a scalable blueprint for sustainable industrial energy development across Mexico.