Thursday, May 19, 2016

Mexico: SENER Issues Guidelines on 2nd Power Auction

Mexico issues draft guidelines for second power auction (PV tech)

Mexico’s Secretary of Energy (SENER) has published draft regulations for the country’s second clean electric power auction, scheduled to be held on 30 September.

The guidelines dictate that winning projects under the auction must begin delivering power through their contracts with ComisiĆ³n Federal de Electricidad (CFE) in 2019. Whilst final versions of the guidelines will be published in June, the basic principles of the second round will remain the same as in the first power auction, which was held in late March.

Expectations are poised fairly high for the country’s second long-term power auction, which follows recent liberalization of the energy market after nationwide reforms deconstructed CFE’s monopoly and opened up the sector for private participation. The new framework so far has been extremely popular with investors; with big international players such as Enel Green Power, SunPower and Recurrent Energy winning projects and clean energy certificates (CELs) under the first auction.

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