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Solar power company Canadian Solar announced this week that it won 367 MW worth of solar power projects in Mexico's third Long-term Auction for renewables which was held earlier in the month, while the Enel Group was awarded an impressive 593 MW worth of wind projects, including a record low $17.7/MWh award. 

Clean Power

Third Mexican Auction Awards Enel 593 Megawatts Of Wind, Canadian Solar Awarded 367 Megawatts Solar

Solar power company Canadian Solar announced this week that it won 367 MW worth of solar power projects in Mexico’s third Long-term Auction for renewables which was held earlier in the month, while the Enel Group was awarded an impressive 593 MW worth of wind projects, including a record low $17.7/MWh award. 

Solar power company Canadian Solar announced this week that it won 367 MW worth of solar power projects in Mexico’s third Long-term Auction for renewables which was held earlier in the month, while the Enel Group was awarded an impressive 593 MW worth of wind projects, including a record low $17.7/MWh award.

Canadian Solar announced on Monday that it had been awarded a total of 367 MW (megawatts) across three separate solar projects in Mexico’s third auction for long-term renewable energy, held on November 15. The three projects will be developed in the Mexican cities of Aguascalientes, Hermosillo, and Obregón.

Upon completion, the three projects will sell their generated electricity to the Comisión Federal de Electricidad (CFE) under a 15-year Power Purchase Agreement for Energy and 20-year for Clean Energy Certificates (CELs) at an average price of $21/MWh (megawatt-hour) and are all expected to be connected to the grid in or around June 2020.

“We are delighted to win an additional 367 MWp of solar projects in Mexico, which expands our late-stage solar project pipeline in the country to 435 MWp,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “We will continue to develop and deliver more quality solar projects in Mexico, while contributing to the government’s goal of increasing electricity generated from clean energy sources to 35 percent by 2024 and 50 percent by 2050.”

In total, the third long-term auction for renewables awarded a total of 15 new projects — 9 solar, 5 wind, and 1 turbogas — totaling 2.5 GW (gigawatts) at an average price of $20.57/MWh.

Included in the awarded projects was a world-record low $17.7/MWh for an onshore wind project, awarded to Enel, as part of a total of 593 MW worth of wind energy contracts. Enel will build Amistand II and Amistad III with a total installed capacity of 100 MW each, and Amistad IV with an installed capacity of 149 MW, in the city of Acuña, in the northern State of Coahuila. Additionally, Enel will build the 244 MW Dolores facility in China, a municipality in the northeastern State of Nuevo León.

“We are thrilled about yet another great success in Mexico, a core market for us, and we are proud to confirm our leadership in the country’s renewables arena” said Antonio Cammisecra, Head of Enel’s Global Renewable Energies Division Enel Green Power. “Through this important win, we will significantly contribute to the country’s demand for electricity from renewable sources. This is just another step of our strategy in the country that we will implement through organic growth as well as through the ‘build, sell and operate’ model that enables us to leverage on our global pipeline, accelerating our growth worldwide.”

 

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