HomeWorld RegionsLatin AmericaMexican renewables tender a $4bn success

Mexican renewables tender a $4bn success

Mexico has selected 23 bidders for the development of $4bn worth of renewable energy projects, after a second tender issue.

The winning projects include photovoltaic solar, wind and other clean energy projects and was organised by the National Energy Control Center (CENACE).
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Over the next three years, the selected firms will build 36 new clean energy power plants including wind and solar capacity.

In total, the second tender round has awarded rights to build 8,909GWh of capacity of which 54 per cent is for photovoltaic plants and 43 per cent for wind farms.

The capacity awarded accounts to 3 per cent of Mexico’s annual electricity generation and winning bids came from Acciona Energy, Iberdrola, Enel, Zuma Energia, Engie and IEnova, among others, according to news website, Recharge.

Mexico plans to generate 35 per cent of total power from renewable sources by 2024 while reducing greenhouse gas emissions, reported The Wall Street Journal.