Winners announced for Mexico renewables auction
The Goverment of Mexico has released the results of the second renewable energy auction of the country, with more than half of the total amount of energy awarded to solar PV projects.
Some of the companies which has won the energy projects are:
- ACCIONA Energía: The company has been awarded the 227 MWp solar farm project near Puerto Libertad in the state of Sonora. The output of the solar plant will be sold to the Federal Electricity Commission (CFE) under a long-term contract spanning 15 years and 20-year of clean energy certificate.
- IEnova: The company has won the contracts for the 41-MW Rumorosa and 100-MW Tepezala II single-axis solar farms in Baja California and Aguascalientes, respectively. The output of the solar plant will be sold under a long-term contract spanning 15 years and 20-year of clean energy certificate.
- Enel: The firm will build a 93-MW wind park in Tamaulipas state after winning a 15-year power supply.
- Grenergy Renovables SA: The company has been awarded a contract to build a 30-MW solar photovoltaic (PV) power plant.
- Zuma Energia: This company has won 26.5% of all energy contracts involving projects with a total capacity of 725 MW.
The auction was highly competitive, with average price of renewables and clean energy certificates (CEL) declared at US$33.47/MWh, a 44.2% below the maximum price set by the CFE.
A total of 66 companies qualified to bid in Mexico’s second power auction; 57 submitted offers and 23 were awarded contracts. A total of 8,909 GWh was awarded, of which 54% corresponds to photovoltaic plants and 43% to wind farms.
The capacity awarded at the second auction accounts for 3% of annual electricity generation in Mexico and will require an investment of approximately $4 billion in new energy facilities.
The auction forms part of Mexico’s plan to integrate renewables into the electric power system under an Energy Reform approved in 2013. According to the government’s target, 35% of Mexico’s electricity supply will come from renewables by 2024.
Country news
-
-
September 12, 2016
Ienova acquires wind park from Blackstone
Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), has entered into a Purchase and Sale Agreement (PSA) for 100% of the equity interests in the Ventika I and Ventika II wind generation facilities, jointly Ventika, which is majority-owned by Blackstone Energy Partners and affiliated private equity funds and Fisterra Energy, a company owned by funds managed by Blackstone, along with certain minority shareholders. Read more -
August 09, 2016
Canadian Solar signs PPA in Mexico
Canadian Solar has signed a Power Purchase Agreement (PPA) for the 63 MWp solar power plant in Aguascalientes, Mexico with the Federal Electricity Commission (Comision Federal de Electricidad, "CFE"). Read more -
August 04, 2016
JinkoSolar signs three solar PPAs for its 188 MW projects in Mexico
JinkoSolar Holding Co., Ltd., a global leader in the solar PV industry, has announced that it had signed three power purchase agreements (PPAs) with Mexican government for the three projects totaling 188 MW. Read more -
August 03, 2016
Financial close for Samalayuca - Sásabe gas pipeline in Mexico
Milbank, Tweed, Hadley & McCloy LLP has advised BBVA Bancomer S.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., CaixaBank SA and Mizuho Bank Ltd. in providing a loan for the construction of a natural gas pipeline between Samalayuca, Chihuahua and Sásabe, Sonora (Mexico). Read more -
July 27, 2016
Macquarie fund in Mexico acquires solar park
Macquarie Mexican Infrastructure Trust I (MMIT I) has announced that Macquarie Mexican Infrastructure Fund (MMIF) has committed to acquire a 100% interest in Parque Solar Coahuila, a 22.5 MW solar generation project in Coahuila, Mexico. Read more
