Neoen wins 377MW solar project in Mexico’s third auction

Facebook
Twitter
LinkedIn
Reddit
Email

French renewable energy developer Neoen has been awarded a 377MW(AC) solar PV project in Mexico’s third renewable energy auction.

The project in the state of Aguascalientes is due to be connected to the grid in June 2020.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The average price of the wining bids was US$20.57/MWh, according to Mexico’s National Centre for Energy Control (CENACE). A Neoen release said this makes Mexico the most competitive market in Latin America for renewable energy.

Canadian Solar was also awarded contracts for solar projects in the Mexico auction totalling 367MW of capacity.

Meanwhile, Enel won 593MW of wind energy projects at a record low price of US$17.7/MWh.

With the new project, Neoen strengthens its Latin American presence, which includes a solar power plant in operation in El Salvador, two solar power plants currently being financed in El Salvador and Jamaica, and a large portfolio under development in Guatemala, Colombia and Argentina.

Lionel Bony, Neoen Mexico and Central America manager, said: “The continuing fall in the price of renewable energy in Mexico is a sign of the success of energy reform in its ability to attract investments and ultimately reduce the price of electricity for all Mexicans.”

Xavier Barbaro, Neoen CEO, adds: “This project bolsters our presence in Latin America. With over 750MW of projects built or granted, it is our third largest development area after EMEA and Australia.”

2 September 2025
Mexico City, Mexico
Intersolar Mexico is the leading platform for technology trends and B2B networking in Mexico's solar market. It focuses on photovoltaics, solar heating and cooling technologies, and energy storage. Together with the co-located events The GREEN Expo® and Aquatech Mexico, it has solidified its position as the largest gathering of professionals in the renewable energy and cleantech industry in Mexico since the debut in 2019. In 2024, the events hosted more than 400 exhibitors as well as 10,000 visitors and 12,000 industry professionals (total attendance). The sixth edition of Intersolar Mexico will take place from September 2 to 4, 2025 at the Citibanamex Center, in Mexico City.

Read Next

August 28, 2025
Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.
August 14, 2025
Germany’s federal energy network has awarded 2,271MW of PV capacity in its latest auction for ground-mounted and non-building solar projects.
August 14, 2025
Over 1.4GW of PV capacity has been allocated in the second round of Romania's contracts for difference (CfD) programme.
August 4, 2025
Spanish energy utility giant Iberdrola has sold its Mexican power business for US$4.2 billion, as part of its shift to focus on US and UK electricity transmission networks.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.
June 19, 2025
Norwegian energy company Statkraft has narrowed down its focus on fewer markets and technologies as it targets to reduce its expenses by NOK2.9 billion (US$290 million) annually by 2027.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines