Weekly renewables M&A round-up (Jul 18-22)
Jul 22, 2022 16:21 CESTMexico publishes call for third power auction
Wind farm in Mexico. Author: Presidencia de la República Mexicana. License: Creative Commons, Attribution 2.0 Generic
May 2 (Renewables Now) - Mexico’s National Center for Energy Control (CENACE) and the Secretariat of Energy (SENER) published on Friday a call for a new power auction in the country, to be concluded in November.
SENER said that the initial version of the rules will be published on May 8, while the list of eligible bidders will be released on July 31. The winners will sign long-term power purchase agreements (PPAs) for clean energy.
The upcoming auction will mostly use the same mechanism as the ones held in 2016. The new thing is that for the first time the power can be sold to other participants aside from state-owned Comision Federal de Electricidad (CFE). This will happen through the establishment of a Compensation Chamber, that will act as the counterpart in the contracts signed between the buyers and sellers, SENER noted.
Mexico’s second power auction resulted in 8.9 TWh of renewable supply contracts, of which 4.8 TWh for solar and 3.9 TWh for wind power, as well as contracts for capacity and certificates.
More stories to explore
Iberdrola's renewables increase output by 2.7% y/y in Q2 2022
Jul 18, 2022 11:22 CEST
VH Global raises GBP 122m for sustainable energy investments
Jun 30, 2022 11:24 CEST
Mexico works out deals with US firms on 1.8 GW of wind, solar, president says
Jun 21, 2022 15:48 CEST
Cox Energy America obtains EUR-30m loan to back solar growth
Jun 14, 2022 10:36 CEST
Weekly renewables M&A round-up (Jun 6-10)
Jun 10, 2022 16:45 CESTShare this story
Tags
About the author
