Mexico First Power Auction Awards 1,720 Megawatts of Wind, Solar
- Contracts for projects to generate $2.1 billion ofinvestment
- Government will hold another energy auction in April
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Renewable energy developers won contracts to produce 1,720 megawatts of power in Mexico during the country’s first-ever private auction, after the government ended a decades-long state electricity monopoly in 2013.
Seven wind and solar companies including Enel Green Power, SunPower Systems Mexico and Recurrent Energy won 15-year contracts to rights to provide the state-owned Comision Federal de Electricidad with power beginning in 2018, Cesar Emiliano Hernandez, Mexico’s deputy electricity minister, said in Mexico City. The contracts are expected to generate more than $2.1 billion in investment by 2018, he said.