Mexico: Solar IPP Development
The Mexican power system operator – CENACE – initiated a competitive tender process in December 2015 for the long-term (20-year) procurement of electricity exclusively from clean energy generators. MRC was hired by a Spanish solar power developer to assist in determining a competitive commercial and pricing structure for submission in the competitive bid that would allow for a profitable return on the consortium’s investment in the projects. The objective was to adapt the Client’s business model to the Mexican context by fully examining the bid requirements (and off-take agreements), in coordination with the existing and evolving) market scenarios in the country. We were involved in all regulatory, tariff, commercial, techno-economic, and financial aspects of the project.