The Italian company Enel intends to reinforce its presence in Mexico, after having raised around US$1.35bn in the October 2017 deal with CKD Infraestructura México and Caisse de dépôt et placement du Québec (CDPQ) for the divestment of 80% of its share capital in 1,700 MW of renewable assets.
Earlier in November 2017, Enel announced its intention to participate in the third power auction, in which Mexico’s state-owned utility Comision Federal de Electricidad (CFE) aims to contract 5.5 TWh of power and 5.5 million clean energy certificates. Interested project developers had to submit final bids by 13 November and the Mexican government will announce the results on 22 November. The auction will allow electricity generators to sign long-term supply agreements with CFE. The last project auction saw an average tender price of US$33.5/MWh, a solar price of US$27/MWh and a wind power price of US$32/MWh. No winning bid was above US$40/MWh and the auction contracted 1.2 GW of capacity.
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