Mexico awards more than 1 GW of solar at US$40.50/MWh

3/30/2016 PV Magazine

environment - energy - light bulb with paddy riceEGP, SunPower, Alten and Recurrent Energy were awarded PV projects in the first electricity auction following energy reform in Mexico. According to local press, the median price for solar was around US$40.50 per megawatt-hour.

Mexico has awarded more than 1 GW of solar PV in the first electricity auction following the nation’s energy reform. Seven winning solar projects from Enel Green Power (EGP), SunPower, Alten and Recurrent Energy represent 56% of the 5,386 Gigawatt-hours (GWh) awarded in the auction. The remaining 44% is covered by four wind projects.

The company which won the most was EGP, which was awarded around 2,250 GWh. In a press release, the company stated that this volume will be covered by four solar parks in Coahuila and Guanajuato which total 992 MW-DC.

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