The first power auction acted as a pilot, in a similar manner to phase one of Round One in the hydrocarbons industry. CFE was playing it safe to see how the market reacted before making any major bids. It was the first time that the Ministry of Energy, CENACE and CFE conducted such a process, so they wanted to learn. The outcome of the first power auction was qualified as a success by several international media, including The Economist, Forbes and Bloomberg, and this successful experience has given Mexican authorities the confidence to strengthen upcoming editions. Even though renewable energies are not as sensitive to resource limitations as traditional technologies, they are still based on natural resources that are a constraint to a certain extent. We want to avoid having critical situations as happened in Spain where more solar energy capacity was installed than the country could handle.
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Former Country Manager
Ormazabal is the Spain-based leading provider of personalized solutions for electric utilities and final users as well as renewable energy systems
The strength of Spanish companies in Mexico’s power sector is undeniable. Spanish expertise can be found along the entire power value chain
Guillermo García Alcocer
On March 31, 2016, the first long-term auction in Mexico for purchase of energy, CELs and capacity by CFE took place. S
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Ormazábal Central America and the Caribbean
Ormazábal products and services can be found in any medium-voltage market, which encompasses almost every segment of the electricity industry.
David Flores Martín
Director General Mexico, Central America & Caribbean
Having decided to expand into promising international markets, the company renewed its interest in Mexico and its management