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    Home > Chemicals Industry > International Chemical > Mexico is expected to add 24 TWh of clean energy by 2022

    Mexico is expected to add 24 TWh of clean energy by 2022

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Mexico's 2013 energy reform significantly changed the corporate electricity market
    .
    In its corporate energy market outlook for the first half of 2018, Bloomberg New Energy Finance found that the introduction of the Clean Energy Certificate Scheme (CEL) would generate an additional 24 terawatt-hours of clean energy
    in Mexico by 2022.

    CEL, Mexico's main mechanism for planning to achieve its 35% clean energy generation target by 2024, will be officially launched
    this year.

    With the implementation of the new mechanism, large companies can purchase certificates
    through bilateral contracts or through the wholesale market.
    HSBC Holdings plc, Anheuser-Busch and Deacero signed a 272 MW clean energy power purchase agreement, giving them a head start
    on meeting their sustainability goals in Mexico.

    While Mexico has a good track record of bilateral agreements prior to the power market breakup, companies purchased 3.
    4 GW of renewable energy capacity through PPAs from 2008 to 2017, and under the new mechanism, companies can sign PPA agreements
    in a similar way to the United States.

    To date, Mexico's three rounds of clean energy tenders have led to the sale of 5.
    4 million CELs that began in 2018 and will reach 9.
    3 million in 2019 and 5.
    9 million
    in 2020.
    This indicates a considerable gap between the first three years and shows that there is significant potential for clean energy addition, which could drive further corporate PPA agreements
    .

    Mexico's 2013 energy reform significantly changed the corporate electricity market
    .
    In its corporate energy market outlook for the first half of 2018, Bloomberg New Energy Finance found that the introduction of the Clean Energy Certificate Scheme (CEL) would generate an additional 24 terawatt-hours of clean energy
    in Mexico by 2022.

    Clean energy

    CEL, Mexico's main mechanism for planning to achieve its 35% clean energy generation target by 2024, will be officially launched
    this year.

    With the implementation of the new mechanism, large companies can purchase certificates
    through bilateral contracts or through the wholesale market.
    HSBC Holdings plc, Anheuser-Busch and Deacero signed a 272 MW clean energy power purchase agreement, giving them a head start
    on meeting their sustainability goals in Mexico.

    While Mexico has a good track record of bilateral agreements prior to the power market breakup, companies purchased 3.
    4 GW of renewable energy capacity through PPAs from 2008 to 2017, and under the new mechanism, companies can sign PPA agreements
    in a similar way to the United States.

    To date, Mexico's three rounds of clean energy tenders have led to the sale of 5.
    4 million CELs that began in 2018 and will reach 9.
    3 million in 2019 and 5.
    9 million
    in 2020.
    This indicates a considerable gap between the first three years and shows that there is significant potential for clean energy addition, which could drive further corporate PPA agreements
    .

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