SunPower Corp. (Nasdaq: SPWR) announced April 1 that, under Mexico’s first electricity power auction, the company has been awarded power purchase agreements with CFE, Mexico’s state-owned electric utility, to deliver one terawatt-hour of energy, equivalent to approximately 500 MW, over the term of the agreements.
The auction was held as a result of Mexico’s sweeping energy sector reform, which opened the market for energy companies to compete as generation providers.
SunPower’s awards from the auction include almost 400 MW in Yucatan and more than 100 MW in Guanajuato, and their associated clean energy certificates. Based on the auction results released by Mexico’s National Center for Energy Control, or CENACE, SunPower won approximately 20% of the total energy, and 25% of the solar energy, awarded from the energy auction. Project development and construction is contingent on factors including contract execution.
“With more than seven gigawatts of solar power systems around the world using our high performance technology, SunPower has the experience and expertise to deliver reliable, cost-competitive solar power to serve Mexico’s growing energy demand,” said Tom Werner, SunPower President and CEO. “SunPower is proud to have this opportunity to partner with CFE to accelerate Mexico’s transition to a robust clean energy economy.”
In December, SunPower announced a long term power purchase agreement under which the company would provide 36 MW of solar to Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico. SunPower expects to start construction this year and, once the project is operational, the company will provide operations and maintenance services, including monitoring power plant production.
SunPower has operated in Mexico since 2011, and has a manufacturing facility in Mexicali that produces more than one gigawatt of high efficiency SunPower solar panels annually.
SunPower provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower’s more than 30 years of proven experience. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America.