Two of the world’s leading solar developers, Enel Green Power and SunPower, have been awarded nearly 1 GW and approximately 500 MW, respectively, in Mexico’s landmark first ever power auction.
News of the massive auction reached us toward the end of March, with 1,720 MW of wind and solar being awarded to a variety of global developers. More recent figures have suggested that solar alone, with 11 solar PV projects being awarded contracts worth 4 million MWh per year, walked away with 1,860 MW at $50.7 per MWh.
Now, more specifics are coming out as the winning companies announce their bounty.
Enel Green Power, acting through its Mexico subsidiary, was awarded the right to sign contracts for 15-year energy supply and 20-year clean certificate supply over 3 solar PV projects with an installed capacity of nearly 1 GW — almost double any other participant in the tender.
Specifically, Enel Green Power has been awarded the rights to develop Villanueva and Villanueva 3 in the State of Coahuila, in the north of Mexico, with a combined installed capacity of 754 MW. The third project, the 238 MW Don José PV solar project, will be constructed in the State of Guanajuato, bringing Enel Green Power’s total awarded capacity up to 992 MW.
“We are extremely pleased about the results of this tender,” said Enel Green Power CEO Francesco Venturini. “It marks another historic moment for the company and confirms our global leadership in the renewables generation arena.”
“Mexico is a pivotal market for all serious players in this field due to its huge potential in clean energy and stable regulatory framework. The nearly 1 GW we have just been awarded, in addition to the capacity already in operation and under construction, have turned us into the main player in the country. We have worked hard to become one of the most competitive companies in many clean technologies and the positive outcome of this tender is another clear indication of the success of our growth strategy.”
The second biggest winner in the auction was America’s SunPower, which was awarded approximately 500 MW. Specifically, SunPower was awarded nearly 400 MW in the State of Yucatan, and more than 100 MW in Guanajuato, along with the associated clean energy certificates.
“With more than seven gigawatts of solar power systems around the world using our high performance technology, SunPower has the experience and expertise to deliver reliable, cost-competitive solar power to serve Mexico’s growing energy demand,” said Tom Werner, SunPower President and CEO. “SunPower is proud to have this opportunity to partner with CFE to accelerate Mexico’s transition to a robust clean energy economy.”