Mexico publishes call for third power auction

Wind farm in Mexico. Author: Presidencia de la Rep├║blica 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.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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