30 Mar '16, 11am

Mexico awards 1,720MW of wind and solar in first power auction

Mexico awards 1,720MW of wind and solar in first power auction

The Mexican government hosted its first electricity auction in the wake of controversial energy reforms. Securing a long-term supply of clean energy, a total of seven wind and solar organisations won electricity contracts and clean energy certificates (CELs) and are set to produce 1,720MW of power. The outcome of the auction is expected to assist the government in meeting its goal of acquiring 35% of its energy from clean sources by 2024, according to numerous reports. The successful bidders included key international players such as Enel Green Power (EGP), SunPower, Recurrent Energy, Alten Renewable Energy and Gestamp Wind. The auction marks the country’s first ever private auction after Mexico’s state-owned energy sector was opened up to private-sector participation in a bid to encourage competition within the market. The reform also put an end to the monopoly of state u...

Full article: http://www.pv-tech.org/news/mexico-awards-1720mw-of-wind-...

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