Mexico is located in the northern part of South America, bordering the United States in the north, the Pacific Ocean in the south and west, the Caribbean Sea in the southeast, Belize and Guatemala in the east, and the Gulf of Mexico in the east. In 2015, Mexico liberalized the electricity market control system and a large number of renewable energy power generation projects entered the market by means of bidding. The development of renewable energy in Latin America was promoted and the on-grid electricity prices of wind power and solar power continued to create new lows. This issue we bring Mexico's wind power, photovoltaic policy, future planning and the recent bidding for the project for your investment in Mexico's wind power, PV reference field.
First, the "Special Plan for the Utilization of Renewable Energy" is the main guideline for the government of Mexico in the field of wind power and photovoltaic power generation. Its main objectives are as follows:
1. Increase the installed capacity and power generation of renewable energy generation.
2. Increase investment in the construction of renewable energy power generation in government and private sectors
3. Increase the installed capacity of biomass power generation.
Second is the "Guidance Opinion on Renewable Energy Certificates", which specifies the conditions for acquiring renewable energy certificates and aims to encourage renewable energy generation and reduce the cost of implementing the policies. Each renewable energy certificate corresponds to 1 MWh of renewable energy. Power generation companies that do not meet the renewable energy certificates will be fined $ 30-250 per MWh. In the first bidding of renewable energy in 2016, the government issued up to 6 million certificates to increase the installed capacity of 2,500 MW of renewable energy
In addition, the Mexican government adopts the following subsidy policy:
When the renewable energy power generation is in short supply (it needs to generate electricity at full capacity), the government subsidies; the contrary, when the renewable energy power supply exceeds demand (does not require full load power generation), renewable energy power generation needs to pay the grid. The government set a set of price reference criteria to adjust subsidies, which were developed by the Mexican Energy Control Center (CENACE) based on electricity supply and demand forecast and average marginal price.
Second, the future planning
According to Mexico's "2016-2030 Electricity Development Plan," wind power installed capacity will increase from 3,860.7MW in 2016 to 15,101.1MW by 2030; photovoltaic power generation capacity will increase from 1031.2MW in 2016 to 6,890MW in 2030.