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Mexico to launch 3rd energy tender in April

Image by the SecretarĂ­a de EnergĂ­a (SENER).

Feb 15 (Renewables Now) - Mexico is expected to announce on April 28 the start of its third auction for power, capacity and clean energy certificates (CEL), the head of the National Energy Control Centre (CENACE) said on Tuesday.

The process is to be completed by mid-October, Eduardo Meraz Ateca said at a ceremony dedicated to the signing of contracts with winners in the second energy auction. Further details on the next competition are not yet available.

Enel Green Power, Engie and Fotowatio are in the list of winners in the second auction, the results of which were announced in September. Between the first and second auctions after the following the energy reform in Mexico, both held in 2016, the average prices dropped by 30% amid high competition.

At the Tuesday event, Energy Secretary Pedro Joaquin Coldwell said that 34 companies will pour USD 6.6 billion (EUR 6.2bn) into 52 green power projects in Mexico by 2019.

According to the Mexico Energy Outlook by the International Energy Agency (IEA), between now and 2040 renewables will account for more than 50% of the new power capacity installed in Mexico.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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