Term | Description |
---|---|
Clean Energy Certificate (CEL) | Security issued by the Mexican Energy Regulatory Commission (CRE for its Spanish acronym), which certifies that a determined amount of electricity production comes from renewable sources. |
Coverage of Mexico Projects (NEXUS) | Refers the contracts that the supplier enters into with the end consumer and which in turn are transferred to the generation plant at a market price to cover the volatility of the node's prices. |
EPC | Engineering, Procurement and Construction. |
ESCO | Energy Service Companies. An ESCO is a company with the necessary resources to execute projects that implement energy efficiency measures using renewable energies. |
Installed Capacity | Maximum output level (nominal power in MW) that a photovoltaic solar generation plant can have by design based on its existing physical assets. |
IPC | Mexican Price and Quotation Index (Índice de Precios y Cotizaciones). |
LIE | Electric Industry Law of Mexico. |
Nominal Megawatt (MWn) | Nominal power refers to the power of the inverter (the electrical equipment that transforms the energy generated by the panels into suitable energy for consumption). |
Megawatt Peak (MWp) | Peak power refers to installed MW capacity. |
PMGD | Spanish acronym for Small Means of Generation Distributed in Chile (Pequeños Medios de Generación Distribuida). It is a power generation project with power surpluses of less than or equal to 9 MW, which is connected to a distribution concessionaire’s facilities. PMGD projects are entitled to receive remuneration on their generation at a stabilized regulated price. |
PPA o PPAs | Power Purchase Agreement (usually long-term). |
SPV | The SPV is a company created solely to serve as an investment platform for photovoltaic projects. Typically, a different SPV is used for each photovoltaic project. |
Stabilized Price | An available remuneration scheme that guarantees stability in financial flows. By this means, the energy produced is remunerated at a set price, regardless of the time of production. It is calculated by the National Electricity Coordinator of Chile (CNE for its Spanish acronym) every 6 months. The scheme was established in 2006. |