Mexico

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 System.

The projects of the third long-term electricity auction will require a total investment of US$2,400 million. This auction achieved an average price of US$20.57 per MWh.

Meanwhile, Enel got a global world-record for the lowest price ever, bidding for US$17.7 per MWh on a wind project. At first, it was thought that Enel’s project was on solar, which came out in several news all over the world.

To know more about these and previous results, visit the official web-page of CENACE where all the results are published.

For a deeper insight on the three long-term auctions, follow our blog to be published on Nov. 28.

On Nov. 23 the solar farm Camargo, in Chihuahua, was inaugurated. To build this farm, which consists of 113 thousand solar panels approximately to generate 35.5 MW, an investment of US$45 million was used. This is the second solar farm inaugurated in the state.

IEnova signed a 20-year PPA with San Diego Gas & Electric. Co to be supplied by a new 108MW wind farm to be located in Tecate, Baja California, and will require an investment of US$150 million.

International

Enel is pointing its eyes towards Brazil. Company executives stated their interest in investing around €1,500 million on distribution grids and €300 million on renewable energy projects. The total amount represents more than 10 percent of the global investment of the company.

The Chinese government provided Argentina with a US$331.5 million loan for the construction of three solar farms. The loan is for a 15 year period, with a possible extension of five years, and with a rate of 3 percent.

Ørsted announced its intentions of issuing its first green bond. This green bond will consist of a hybrid note due in 1,000 years (it is a 1,000-year bond) and a senior unsecured bond maturing in 2029.

The French oil & gas company Total announced it will deploy 8,400 biodigesters for households in India as part of a voluntary carbon neutrality initiative.

Germany’s Federal Network Agency announced it has awarded 1,000MW of capacity in its most recent wind tender, where average prices of US$44.85 per MWh were met. This 1,000MW generation consists of 61 onshore wind projects, out of which 98 percent came from citizen’s cooperatives.

Argentina’s second round of renewable energy auction got a lowest bid of US$37.3 per MWh, coming from the wind sector. The lowest bid for solar was of US$40.44 per MWh.

For more articles on Mexico’s energy industry, check out our blog!

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