Mexico’s state utility faces 580% oversubscription in renewables tender
Permits, grid access and financial structure will determine which renewable energy projects succeed in Mexico’s highly competitive 7.5 GW mixed-investment call.
Permits, grid access and financial structure will determine which renewable energy projects succeed in Mexico’s highly competitive 7.5 GW mixed-investment call.
The company identifies grid access as the main barrier to new investment in Spain, amid regulatory uncertainty and administrative delays, while advancing a 300 MW pipeline and prioritising hybrid renewable projects with energy storage.
Mexico’s state utility CFE received 222 renewable energy proposals totalling nearly 38 GW—more than five times the capacity initially sought under its new mixed public-private generation scheme.
Lawmakers will vote on the ratification of a €5 billion emergency package aimed at strengthening energy security amid global market volatility. The decree introduces new rules for grid access, accelerates renewable energy deployment through priority development zones, and reshapes incentives for electrification, energy storage and industrial decarbonization.
The Panabá project in Yucatán combines 252 MW of wind power with battery storage and was awarded in Mexico’s December energy tender. Genux Power’s CEO says the company plans to join future calls and sees strong investment appetite in the Mexican power sector.