Winners announced for Mexico renewables auction

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
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.

Share this news