Mexico Renewable Energy Auction

Solar Power Dominates In Mexico’s Second Renewable Energy Auction

written by saurabh

The preliminary results of a much-awaited Mexico’s second power auction were declared last week.

According to the state power regulator and grid operator, auction was highly competitive with average price of renewables and clean energy certificates (CEL) declared at USD 33.47/MWh.

Solar dominated the Mexico’s second power auction with more than half of the total amount of energy awarded to solar PV projects. Under the auction, 4.8 TWh of energy (54%) and 4.9 million clean energy certificates (53%) were provisionally awarded to solar PV projects.

In total, 9.3 TWh and 8.9 million clean energy certificates were awarded to solar, wind, geothermal and hydroelectric projects. Wind energy projects constituted 43% of total energy awarded and 41% of clean energy certificates.

The average price of USD 33.47/MWh for clean energy is “among the lowest prices reached at the international level” according to Mexico’s Secretary of Energy (SENER). The price is 44% lower than the ceiling price of USD 60/MWh set by state utility CFE, the sole buyer of power.

At auction a total of 457 bids were submitted by 57 new companies including 66 bidders participating via pre-qualification certificates. The provisional winners constituted the companies like Alten Renewable Energy Mexico, AT Solar, Bluemex Power, an Engie Solar Trompezón consortium, Canadian Solar, a Fotowatio consortium, OPDE and X-Elio Energy.

The preliminary results will be validated by CENACE and SENER and on 30th September, government will announce the actual capacity it wishes to procure from solar, wind and other renewable sectors.

During first power auction held in March this year, Mexico had awarded 1,720 MW of wind and solar projects.

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09/28/2016 0 comment

Renewable Energy

Acciona Wins 168 MW Wind Energy Capacity In Mexico Auction

written by saurabh

Spanish company Acciona Energy secured a major win in the landmark renewable energy auction held recently in Mexico.

The company recently reported that it won a contract to supply 5.85.7 GWh electricity from wind energy projects through the first renewable energy auction held in Mexico. This amount equates to around 168 MW wind energy capacity.

Acciona shall develop the El Cortijo wind power project by setting up 56 units of its 3 MW wind energy turbine. Construction of the project is expected to being in 2017 and operations are scheduled to begin in 2018. The project shall supply electricity to the Federal Electricity Commission under a long-term contract with duration of 15 years.

Electricity generated from the wind energy project shall be sufficient enough to meet power demand of around 350,000 homes and also offset more than 563,000 tonnes of carbon dioxide emissions every year.

The auction conducted by the Mexican government is part of its policy target to increase the share of renewable energy in electricity consumption to 35% by 2024. This target would require capacity addition of an estimated 12 GW of wind energy and 3 GW of solar power capacity.

Acciona Energy owns and operates 556.5 MW wind energy capacity in Mexico and has commissioned around 300 MW capacity for customers. The latest auction will help the company expand its footprint in Mexico.

04/17/2016 0 comment