Market Insight

The cancellation of Mexico’s fourth energy auction generates uncertainty for PV project development beyond 2020

February 11, 2019

Maria Chea Maria Chea Analyst, Solar

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On 1 February, Mexico's Secretariat of Energy (SENER) announced the cancellation of the planned fourth energy auction, confirming IHS Markit’s prediction that the administration would break with the previous administration and end the continuity of power auctions. 

The decision generates uncertainty for the PV project development beyond 2020 and may delay the country’s renewable energy goals. Developers and investors will now have to look for alternative investment paths to fill the void left by tenders. Moreover, the cancellation will affect the Clean Energy Certificate (CEL) market and may delay the clean energy goals Mexico had set for itself. On the upside, the distributed generation segment could see a sharper increase in installations through 2023.

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Geography
Latin America
Research by Market
Power & Energy Technology
Category
Solar
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