Mexico's Federal Electricity Commission (CFE) has awarded 37 renewable energy projects totaling 7,411 megawatts in its inaugural mixed-investment procurement round, surpassing the authority's target by 14 percent and achieving 114 percent coverage of the original goal.
According to Energía a Debate, the auction drew from more than 200 projects under review, with 37 ultimately selected to deliver the 7,411 MW capacity, well above the required 6,500 MW threshold. The Yucatan Peninsula and Northeast region claimed 20 of the 37 awarded projects. Bloomberg Línea noted this marks the first time the new mixed-investment model, which combines public and private capital, has resulted in concrete contract awards.
Technology Breakdown
The allocation reveals stark disparities across renewable sources:
- Solar photovoltaic: 6,710 MW, nearly double the 3,550 MW target
- Wind: 700 MW, representing just 24.6 percent of the 2,850 MW goal
- Solar thermal: no allocations in this round
Next Steps
The process now moves to contract signing with selected firms and the launch of construction timelines. These projects support the government's broader push to increase renewable energy's share in Mexico's electrical grid. Subsequent CFE procurement rounds will reveal how the mix of energy sources continues to evolve across the national network.
Sources
- Energía a Debate: CFE adjudica 7,411 MW renovables en subasta mixta
- Bloomberg Línea: Mexico adjudica 37 proyectos de electricidad renovable