Mexico's First Power Auction Awards 1,720 Megawatts of Wind, Solar

Last Modified: Thu Mar 31 2016 23:05:27 GMT+0530 (India Standard Time)
  • 1,720 MW
    Combined power generation capacity of projects that Renewable energy developers in Mexico won contracts for. This is the country’s first-ever private auction, after the government ended a decades-long state electricity monopoly in 2013.
  • 7
    wind and solar companies including Enel Green Power, SunPower Systems Mexico and Recurrent Energy won 15-year contracts to rights to provide the state-owned Comision Federal de Electricidad with power beginning in 2018, Cesar Emiliano Hernandez, Mexico’s deputy electricity minister, said in Mexico City.
  • $2.1 billion
    Investments that the contracts are expected to generate by 2018.
  • 1,100 MW
    will come from Solar energy. Prices for solar averaged 4.05 cents per KWh
  • 620 MW
    will come from Wind energy. Prices for wind averaged 4.39 cents per KWh.
  • 84.66%
    of the state utility CFE’s demand has been met by the auction. In order to buy the remaining power the company still needs, Mexico’s government will hold another power auction in April, said Hernandez.