The Mexican government has selected at total of 23 bidders for the development of $4bn worth of photovoltaic solar, wind and other clean energy projects as part of second round of power auction.
The National Energy Control Center (CENACE) of Mexico organized the second long-term energy auction for the wholesale electric power market.
Over the next three years, the selected firms will build 36 new clean energy power plants including wind and solar capacity.
In total, the second tender round has awarded rights to build 8,909GWh of capacity of which 54% is for photovoltaic plants and 43% for wind farms.
The capacity awarded accounts to 3% of Mexico’s annual electricity generation.
The winners comprise Acciona Energy, Iberdrola, Enel, Zuma Energia, Engie and IEnova, among others, reported Recharge.
Acciona Energía, in a joint venture with Mexico’s Tuto Energy, received rights to supply 478GWh of renewable energy in the second energy auction.
Mexico Energy Secretary Joaquín Coldwell said that the tender round received $33.47/MWh on average, representing 30% lower than the prices in previous auction.
Mexico plans to generate 35% of total power from renewable sources by 2024 while reducing greenhouse gas emissions, reported The Wall Street Journal.
Power generated from the proposed projects will be sold to state-owned utility Comisión Federal de Electricidad (CFE) under long-term contracts.
Acciona said that the average bidding price represents 44.2% below the maximum price set by the CFE.
Image: Mexico intends to generate 35% of total power from renewable sources by 2024. Photo: courtesy of Acciona Energía.