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 →
As the final results for the third long-term electricity auction were officially published on Nov. 22, it is now time to make an analysis of what they represent for Mexico, and a comparison with the past two auctions.
During the third long-term electricity auction, which took place on Nov. 15, 16 projects got […]Continue Reading →
On Nov. 22 the official results of the third long-term electricity auction were published, just a week after it took place. As results of this last auction, 15 new clean energy plants will be built (nine solar, five wind and one of turbogas) adding up 2,562MWs of energy to the National Electric […]Continue Reading →
Both CNH and CRE received a 24 percent increase compared to their original budget petition for 2018. This comes after constant budget cuts suffered by the regulators during the last three years.
The Interamerican Development Bank announced that it will support FIRA, the Mexican development bank for the farming, rural, forestry […]Continue Reading →
On September 18, the Ministry of Energy published the new contracting model for electric transmission lines. Pedro Joaquín Coldwell, Minister of Energy, stated that the new model will allow for private investment for the development of electric grids in Mexico. He also mentioned that the Ministry will administrate the public, transparent and competitive […]Continue Reading →
Yesterday, August 15, the presentation call of the first mid-term electric auction took place, which is expected to run on February 2018.
The mid-term electric auction will cover only two types of packages: power and energy, as compared to the long-term one where there are three types of packages: power, energy and CELs.
The […]Continue Reading →
The results of CENACE’s first long-term power auction surprised the world in March by obtaining record prices per megawatt-hour of solar energy (US$45.15/MWh). Now Mexico has set a new standard by reaching an average price of US$33.47 per megawatt-hour of clean energy, 30 percent lower than in the first auction.
The second power auction […]Continue Reading →
On March 30, 2016, we published a blog post introducing the seven winners of the first long-term electricity tender, just after CENACE made the winning companies’ names public. However, just like it happens in Mexican soap operas, the situation took a dramatic turn of events when CENACE decided to repeat the tender after realizing […]Continue Reading →