The deal with Consorcio Integrador Sonora80M (CIS), a Mexican/Spanish joint venture, would be located in Hermosillo, Sonora state.
CIS has signed several 25-year power-purchase agreements (PPAs) with municipalities throughout the region for the energy produced by the plant, including Empalme and Guaymas.
Martifer will build, operate and maintain the project. A first phase should be up and running by the end of the year.