Mexico revises results of its first clean energy auction

After a revision of the first results announced in the long-term supply auction in Mexico, 4,019 gigawatt-hours (GWh) have been awarded to 11 PV projects, which are estimated to have a potential of around 1.7 GW-AC. The median price for solar has come in at around US$45.15 per megawatt-hour (MWh), according to a press release from the association Asolmex. The projects awarded must enter operation in 2018.

The winning companies in the contest were Sunpower (269 GWh) Italy’s Enel Green Power Mexico (2,250 GWh), Canadian Solar subsidiary Recurrent Energy (141 GWh) Vega Solar (740 GWh), China’s JinkoSolar (503 GWh), Photoemeris Sustenable (55 GWh) and Sol de Insurgentes (61 GWh), according to a press release by Mexico’s Secretary of Energy.

The Secretary of Energy (SENER) announced the new results on Wednesday after it “rejected an offer which did not conform to the rules of the auction”. One day prior, it had published a list of the winners which was different from the new list.

The schedule of the auction set evaluation of the financial bids on March 29 and 30.

The new results show solar as the big winner in the clean energy auction, winning 74% of the volume of supply granted in the auction.

?The Mexican solar sector celebrated the results. “This shows the confidence and competitiveness of solar energy,” read a statement by Asolmex.

In the auction around 5,400 GWh of electricity supply commitments and 5.4 million clean energy certificates were awarded. These represent roughly 85% of the volume available to be awarded in the contest, in which the single off-taker is the Mexican National Utility CFE.

In the auction 500 MW of capacity was also offered. Without exception, the category for capacity was left unclaimed.

This is the first auction for long-term contracts following Energy Reform, with which an electricity market has been created in Mexico. The next auction will be convened in April.

This article was translated by Christian Roselund. For the original article in Spanish, please see the pv magazine Latinoamérica website.