In its New Energy Outlook 2017 report (NEO), published earlier this week, Bloomberg New Energy Finance (BNEF) outlines its expectations for energy in the Americas between now and 2040. The report predicts big for the key regional markets Brazil, Chile and Mexico.
If the loan is approved, it could close by the end of the month.
The auction will be held in November. Under the auction’s new dispostions, solar projects will be able to sell power to more entities, while prior to these new rules the only buyer was state-owned electric utility CFE.
The Mexican government announced the timeline for the upcoming renewable energy auction. Technical bids must be submitted in September.
The PV plant is one of the country’s first merchant solar projects after the energy reform was introduced. The project’s required investment was $14 million.
The Italian inverter maker will supply its devices for Mexico’s largest solar project. The company is also planning to expand capacity at its manufacturing facility in northern Italy.
The Spanish developer said the project will be completed in 2018, and will sell power to private customers on the wholesale market.
The Mexican Government intends to facilitate the planning of renewable energy projects over the next years. Clean energy certificates, which apply to power provider and industrial consumers, will increase from 7.4% in 2020 to 10.9% in 2021 and 13.9% in 2022.