Mexico: Government Announces Longer Term Clean Energy PPAs

Mexico to award longer PPAs under energy auctions, specific scheme for renewables (PV magazine)

The final rules of the Mexican electricity market published on Tuesday in the Mexican official government journal establish longer PPAs for projects and a specific supply category for clean energy projects awarded in future national energy auctions.

Long-term PPAs will last 15 years and clean energy certificates obligations will have a duration of 20 years. Earlier this year the government proposed PPAs of only up to ten years in duration.

The auctions will be a part of an electricity market which is being introduced with the energy reform in Mexico and will start to operate at the beginning of next year.

Mexico's Secretary of Energy Pedro Joaquín Coldwell announced last month that the first energy auction is to be launched in October 2015 and the results are to be published in March next year. The auction is expected to be open to renewable energy projects.

Magaly Flores Armenta of the Mexican Federal Electricity Commission will give a presentation on Present and future development of geothermal energy in Mexico at the GRC International Session on Monday, September 21, part of the 39th GRC Annual Meeting & GEA Geothermal Energy Expo in Reno, Nevada, USA.

Read More.........