Acciona signs first PPA contract in Mexico

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Acciona signs first PPA contract in Mexico

Acciona Energía has signed its first power purchase agreement (PPA) contract with Mexico’s Federal Electricity Commission (CFE) for the delivery of renewable power and clean energy certificates resulting from the energy auctions introduced by Mexico’s energy reforms.

The contract covers the annual supply of 585.7 gigawatt-hours (GWh), which was awarded to Acciona in the first auction for long-term energy delivery in the wholesale electricity market that was organized by the Mexican National Energy Control Center (CENACE) in March. 

Under the contract, CFE will purchase the power from Acciona’s new wind farm for a period of 15 years.

Acciona Energía will build a 168 megawatt (MW) wind farm in the State of Tamaulipas to supply the renewable power allocated at the March auction. Construction work at the new wind farm, at El Cortijo, 40 km south of Reynosa, is expected to begin toward the end of the year, with entry into service planned for mid-2018.

Once operational, it will generate enough clean electricity to power 350,000 Mexican homes, and avoid the emission of 563,000 metric tons of CO2 per year.

Miguel Angel Alonso, Director of Acciona Energía Mexico, said.

“We are proud that Acciona is one of the first companies to sign a purchase and sale contract for energy and clean energy certificates in the framework of the auction system established by the Mexican energy reform. This system creates good prospects for the development of renewables in the country, and we in ACCIONA will continue to work actively towards this objective.” 

List of country news

Country news

  • July 19, 2016

    Gaseoducto Aguaparieta, subsidiary of Ienova, wins Hermosillo gas pipeline

    The Mexican state-owned electric company, CFE, has awarded Gaseoducto Aguaparieta, subsidiary of Ienova, the Hermosillo Gas Pipeline Branch in the state of Sonora, Mexico. Read more
  • June 29, 2016

    JinkoSolar selects Solarcentury to develop two solar projects in first round of Mexico auction

    JinkoSolar and Solarcentury have partnered in order to develop 170 MW of ground mount solar projects. The Energy Division of JinkoSolar will act as the investor and owner of the two solar projects and Solarcentury will develop both sites. Read more
  • June 16, 2016

    Spectra Energy awarded $1.5 Billion Nueces-to-Brownsville Gas Pipeline Project

    Spectra Energy Corp has announced that its subsidiary, Valley Crossing Pipeline, LLC, has been awarded a 168-mile intrastate natural gas pipeline project by the Mexico's Comisión Federal de Electricidad (CFE). Read more
  • June 14, 2016

    IEnova and Transcanada win $2.1 billion natural gas pipeline in Mexico

    Sempra Energy has announced that Infraestructura Marina del Golfo (IMG), the joint venture between its Mexican unit Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) and TransCanada Corporation, has been awarded a transportation contract by the Comision Federal de Electricidad (CFE) to build, own and operate an 800 km, US$2.1 billion natural gas pipeline in Mexico. Read more
  • May 10, 2016

    Balam acquires 35 MW Mexican solar project

    Balam, the mexican investment fund has acquired Camargo solar project in Chihuahua state, Mexico. Once fully operational the project will have an estimated capacity of 35.5 MWp. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.