This article is part of a daily series of IPP articles. If you want to know more about the latest power generation projects globally visit our IPP Today section. You can receive them by email on a daily basis
Enel S.p.A., has been awarded the right to sign a number of contracts in Mexico to supply energy and clean certificates with four wind projects for a total capacity of 593 MW in the country’s third long-term public tender since its energy reform.
As we reported a few days ago, Mexico selected 16 offers in the preliminary results of the country's third long-term electric power auction, receiving record low prices in the economic offers from developers. Average renewable energy prices, for power plus Clean Energy Certificates (CEC), stood at US$20.57/MWh, which was 38.5% lower than in the second auction, and the price for power was US$36,253/MW/year.
Three plants, Amistad II and Amistad III with a total installed capacity of 100 MW each, and Amistad IV with an installed capacity of 149 MW, will be built in Acuña, in the northern State of Coahuila.
The Enel Group will be investing around US$700 million in the construction of the new facilities, in line with the investments outlined in the company’s current Strategic Plan. Each project will be supported by a contract providing for the sale to Mexico’s Cámara de Compensación1 of specified volumes of energy over a 15-year period and of the related clean certificates over a 20-year period.
Antonio Cammisecra, Head of Enel’s Global Renewable Energies Division Enel Green Power, said:
“We are thrilled about yet another great success in Mexico, a core market for us, and we are proud to confirm our leadership in the country’s renewables aren. Through this important win, we will significantly contribute to the country’s demand for electricity from renewable sources. This is just another step of our strategy in the country that we will implement through organic growth as well as through the ‘build, sell and operate’ model that enables us to leverage on our global pipeline, accelerating our growth worldwide.”
The new plants are due to enter into operation in the first half of 2020. Once fully operational, the facilities are expected to produce 2.09 TWh/year of renewable energy, therefore avoiding the annual emission of nearly 960,000 tonnes of CO2 into the atmosphere.
Mexico has selected 16 offers in the preliminary results of the country's third long-term electric power auction, receiving record low prices in the economic offers from developers.
Read moreAlpek and ContourGlobal have entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal’s potential acquisition of Alpek’s cogeneration power plants in Cosoleacaque and Altamira, Mexico.
Read moreMexico Pacific Limited has received an investment from Aecom Capital’s infrastructure fund for the development costs of an estimated US$1 billion Liquified Natural Gas project in the Gulf of California.
Read moreComisión Federal de Electricidad (CFE) has opened technical proposals for the proposed Topolobampo branch line, in the state of Sinaloa, northwestern Mexico. Three companies have submitted their bids for the pipeline project to supply natural gas to power plants.
Read moreMexico’s Secretariat of Environment and Natural Resources (Semarnat) has received six large-scale PV projects for environmental approval with a combined capacity of 843.6 MW. Four developers requested the permits to develop the solar projects in different parts of the country.
Read more