Toronto-based JCM Capital has established a company in Mexico to invest in utility-scale photovoltaic projects, with a focus on 20 MW plants and larger and an initial target of 100 MW of projects.
The company says it is currently seeking suitable project sites and development partners and aims to invest with municipal and state governments to provide solar energy through direct power purchase agreements. JCM says its role is to fund project-specific development costs such as land acquisition, engineering, legal advisors, permitting and interconnection studies.
‘JCM has the necessary capital, construction and long-term financial partners, as well as solar PV expertise, to complement our local partners' market knowledge and project management capabilities,’ says JCM's Chief Operating Officer Michael Strait.
