Mexico: 35% of 3.6 GW of solar assigned in last year’s auctions is under development

“So far we can report a significant progress in the installation of more than 1 GW of large-scale solar project, which represents around 35% of the 3,619 MW of PV capacity allocated in Mexico’s first two renewable energy auctions.” This statement was made by Héctor Oler, the president of the Mexican solar association Asolmex in a press release.

According to Olea, more than one third of the 28 solar projects that were selected in the two power auctions held by the Mexican government last year are now at an advanced stage of development or under construction. Olea names the 754 MW project of Italian power utility Enel in the state of Coahuila, whose construction was started in late March, a 270 MW solar park in the state of Sonora, a 157 MW installation in Chihuahua, and an 80 MW plant in Aguascalientes.

“Asolmex’s members are making clear progress in their investment commitments. I am happy to see that these projects are scheduled to come online as planned between 2018 and 2019,” Olea added.

In the country’s first two auctions, which were held last year, PV projects with a combined capacity of 3.6 GW were selected. In both of them, around 1.8 GW of contracts for solar power projects were awarded. In the first auction, final average price for solar power was $44.9/MWh, while in the second tender average price for PV was $31.7/MWh.

The third auction planned for this year will be held in November. The government will announce the quota for solar power when the bids will be published on July 31.