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.
The Mexican gas and power provider has secured a 20-year PPA for a large-scale PV project in Mexico from local steelmaker Deacero. The $115 million plant will have a capacity of 110 MW.
The devices will be used by Spanish developer Iberdrola Renovables to build two large-scale PV projects in Sonora and San Luis de Potosí.
Mexican company Conermex forecasts that investment for distributed generation projects (DGPV) in Mexico could reach $750 million between 2017 and 2018.
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