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:
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.