CENACE announced the cancellation of the fourth-long term electricity auction this Thursday, Jan. 31. The press release was signed by Alfonso Morcos, the new Director General of CENACE. After three successful editions, the fourth long-term electricity auction promised more renewable power at low prices into the grid. It was originally scheduled to […]Continue Reading →
AMLO’S NATIONAL ELECTRICITY PROGRAM
President Andrés Manuel López Obrador announced on Saturday his National Electricity Program, including moves to bolster CFE’s budget in an effort to return Mexico to energy self-sufficiency and the suspension of the fourth long-term electricity auction. “We used to be a self-sufficient country. Now, we have to purchase […]Continue Reading →
On the cusp of a political transition, Mexico’s thriving but infant solar industry is wondering if the sun will continue shining bright on the country’s solar market under President-elect López Obrador’s administration. To provide insight over the future of solar power, Mexico Energy Review and Mexico Business Events invited Héctor Olea, President […]Continue Reading →
Mexico, the US and Canada finally agreed on their renewed trade agreement USMCA. While Abel Hibert, Chief Advisor of the Economic Transition team of AMLO, stated that the long-term electricity auctions will continue during AMLO’s administration, the Clean Energies in Mexico 2018-2032 study was presented, gathering the voices of several Mexican energy and sustainability associations. […]Continue Reading →
As Acciona’s wind farm El Cortijo became the first renewable energy facility to start commercial activities in Mexico´s WEM, Pedro Joaquín Coldwell, Minister of Energy, inaugurated a Microalgae Production and Sustainable Energy Laboratory in Tabasco and CENACE published its operations’ tariffs for the 2H18. Meanwhile, California boosts the usage of behind-the-meter batteries, tidal energy scales […]Continue Reading →
On March 22, Enel Group inaugurated its 745MW Villanueva PV plant located in Coahuila, which is expected to produce over 1,700GWh of electricity per year. The plant is made up of the Villanueva 1 and Villanueva 3 projects awarded during the first long-term electricity auction that took place in March 2016, and represent […]Continue Reading →
CRE and CENACE published the call for proposals for Mexico’s fourth long-term electricity auction. The first three editions have cumulated an aggregate 8.9GW of clean energy installed capacity and are expected to pour in US$9 billion in investments.
What to Expect
“CRE’s message to all interested parties is one of […]Continue Reading →
On Monday, March 5, 2018, CENACE published the official results of first mid-term electricity auction in Mexico. This process was designed for suppliers of basic services to acquire both power and electricity to be consumed by basic users. By acquiring these services in advance, suppliers of basic services are able to reduce or even […]Continue Reading →
CENACE accepted 47 purchase and 13 sale power offers for the upcoming mid-term electricity auction. The purchase offers come from four different potential buyers.
Fotowatio Renewable Ventures, the Spanish solar unit of UAE-based Abdul Latif Jameel Energy, announced the financial closure for a 342W solar park to be built in San Luis […]Continue Reading →
According to information from the Ministry of Finance, CFE had an economic deficit of MX$4 billion in its activities from January to October 2017. In the same period of 2016, the company reported a surplus of MX$10 billion.
Infraestructura Energética del Norte announced its plans to invest US$43 million for the construction […]Continue Reading →