ACCIONA Energia wins renewable electricity supply contract in Mexico

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12 April 2016, Nuclear, Solar, Wind

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This will be materialized in a 168 megawatt (MW) wind farm in the State of Tamaulipas that will enter service in 2018. ACCIONA Energia currently owns and operates 556.5 MW in Mexico, with four wind farms in Oaxaca that account for around 20% of the operational wind power capacity in the country, and has built another 303 MW for customers. The El Cortijo wind power project, whose production was awarded together with the corresponding Clean Energy Certificates (CEL), will be located 40 kilometers south of the city of Reynosa. It will consist of fifty-six 3 MW ACCIONA Windpower turbines that will generate electricity equivalent to the consumption of around 350,000 homes in the area, avoiding the emission of more than 563,000 metric tons of CO2 to the atmosphere from conventional coal-fired power stations. Construction work is planned to start in 2017, with the wind farm coming on stream by mid-2018. The energy produced will be supplied to the Federal Electricity Commission (CFE) under a long-term contract (15 years). "ACCIONA has once again demonstrated that its energy solutions are not just environmentally sustainable but also very competitive by winning a major contract in the first energy auction organized in Mexico. The competition was strong and this will enable us to consolidate our leadership in the Mexican wind power sector," ACCIONA Energia CEO Rafael Mateo stated recently. This first auction, in which 227 bids were received from 69 tenderers, awarded a total of 5,385.72 GWh to 11 bids from 7 tenderers. It is part of an initiative by the Mexican authorities to integrate renewable energies into the country's electric power system following an Energy Reform in 2013. Between 2015 and 2018 the Mexican government plans to incorporate 6 GW of renewable origin with an estimated investment of 14 billion US dollars, and the Government's commitment is to generate around 35% of the nation's electricity consumption from renewables by 2024, with a forecast 12 GW from wind power and 3 GW from photovoltaic energy. As well as the new projects awarded, ACCIONA Energia works on developments for itself and its customers in Mexico, totaling several hundred additional MW. Last year the company signed a memorandum of understanding (MOU) with the Mexican Federal Electricity Commission (CFE) to promote the development of joint projects for the generation of electricity from renewable sources in the country.

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OGEL 1 (2016) - Mexico's Oil and Gas Sector Reform

Source: MarketLine

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