UPDATE - Mexico's lowest bid was for wind, not solar

It has turned out that the lowest winning bid in Mexico's recently completed power tender was not for solar, as previously reported, but for wind.

After the country announced preliminary results on November 15, Electrek reported that Italian energy company Enel SpA (BIT:ENEL) has set a new world record-low price for solar power with a bid of USD 0.0177 (EUR 0.0149) per kWh. That was slightly below the bid of SAR 0.06697 (USD 0.0179/EUR 0.0150) per kWh recorded in a 300-MW solar tender in Saudi Arabia.

The Italian group actually won four bids in the tender, but these were all for wind projects. The Electrek article, meanwhile, has been updated, noting that solar did get a bid at USD 0.0197 per kWh.

Documents published by the National Centre for Energy Control (CENACE), as the final results of the auction were released, show that the lowest prices in the auction are for Enel's 100-MW Amistad II and 149-MW Amistad IV wind projects. The overall prices of the offers are MXN 127.1 million (USD 6.8m/EUR 5.74m) and MXN 174.1 million respectively, which is MXN 340.73 and MXN 340.99 per MWh.

The Mexican auction achieved a very low average price of USD 20.57 per MWh.

(MXN 10 = USD 0.538/EUR 0.452)

(USD 1 = EUR 0.841)

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