Envision Energy, a company engaged in researching, designing, developing, and manufacturing low-speed wind turbines, and ViveEnergia, a Mexican company developing renewable energy projects, have been awarded a long term power purchasing contract with the Mexican Federal Electricity Commission (CFE) for the 90 MW Energia Renovable de la Peninsula wind farm in the Yucatan Peninsula, Mexico.
The joint venture agreement signed in 2015 between Envision and Vive Energia represented China’s largest direct investment in Mexico in the sector. The joint venture presented a highly competitive bid for the 90 MW wind farm in Mexico’s first power auction organized by the National Center for Energy Control (CENACE). The 90 MW wind farm is expected to be operational in 2018.
Additionally, the construction of a 70 MW wind farm under the self-consumption regime is expected to begin in the second half of 2016 bringing Envision and ViveEnergia’s wind development and power generation capacity in the Yucatan Peninsula to 160 MW.
Zhang Lei, Envision’s CEO, said:
“Our congratulations go out to the Mexican Government for its commitment to Clean Energy generation and for being a significant asset in the fight against Global Climate Change.”
The Mexico's first electricity power auction was very successful for the Mexican government, allowing the CFE to obtain clean energy at an average price per megawatt hour of US$47.78/MWh.
We have also reported about SunPower's awards from the auction, which includes almost 400 MW in Yucatan and more than 100 MW in Guanajuato, and their associated clean energy certificates.