Mexico’s third clean-energy auction saw its average headline price fall 39% on last year's tender to $20.57/MWh after bidding dominated by large global players such as Enel, Engie and Canadian Solar, according to preliminary government results.
Solar edged out wind as the dominant renewable generator in the auction, in which bidders competed for 15-year US dollar-denominated PPAs and 20-year tradable clean energy certificates (CELs).
The $20.57/MWh average price – compared to the $33/MWh seen at the country’s second auction held in September 2016 – represents an amalgam of the energy and CEL elements of the bidding. It means the price has fallen more than 50% since Mexico's first tender in early 2016.
