News in brief
Cubico Sustainable Investments, a global leader in renewable energy, has been awarded power purchase agreements (PPAs) in Mexico’s second long-term electricity auction for the 250 MW Mezquite wind project and the 290 MW Solem solar PV project, representing a total investment of around $700 million. As Osvaldo Rance, Head of Mexico at Cubico, noted: “This is the beginning of a new era for Cubico in Mexico that sets solid foundations to move forward with our growth plan and long-term investment strategy in the country.”
Major nuclear contract
Atkins has been selected by the US Department of Energy (DOE), along with joint venture partners Westinghouse and Fluor, to operate the depleted uranium hexafluoride (DUF6) conversion facilities at DOE’s Paducah Gaseous Diffusion Plant in Paducah, Kentucky, and the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. The contract to the Mid-America Conversion Services, LLC (MCS) joint venture is valued at $318 million over a five-year period of performance beginning this year.
Wind power in Vietnam
Mainstream Renewable Power and GE Energy Financial Services, a GE Capital business unit, has signed a term sheet to develop, build and operate large-scale wind power plants in Vietnam. The projects are expected to comprise both greenfield and partially developed sites, are intended to include co-operation with local and international developers, and will receive financing through a Mainstream and GE Energy Financial Services joint development agreement. The aim of the agreement is to compliment the 1GW initiative that GE and Ministry of Industry and Trade signed in May 2016 to accelerate large-scale Vietnamese wind project build out.