Posted on 04/13/2016 3:51:30 PM PDT by bananaman22
Overshadowed by the United States’ extension of the Investment Tax Credit (ITC) and the Production Tax Credit (PTC) last year, Mexico’s cornerstone Energy Transition Law is quickly yielding results, lifting the lid on a renewable market primed for take off.
On March 29, Mexico concluded its first long-term power auction since more fully deregulating its electricity sector in 2013. The auction, it should be noted, was a smashing success, generating 227 bids from 69 tenderers. State-owned Comision Federal de Electricidad (CFE) – the still dominant player in the sector and the sole buyer for this first go-round – awarded contracts to develop more than 1,800 megawatts (MW) of wind and solar, or roughly 85 percent of the energy on offer.
To be sure, solar was the undisputed star of the auction, which was also open to hydroelectric and geothermal providers; of the 11 winners, seven are PV companies.
(Excerpt) Read more at oilprice.com ...
They’ve actually modeled much of their power market off of Texas’s ERCOT system. Little known fact but Texas produces twice as much wind energy as California.
Flying twixt LAX/CLT, I see hundreds of wind turbines from 30,000+ feet over TX/OK.
Poor birds.
Hmmmm
So, do they also kill twice as many eagles, raptors, bats and other birds? Here in California we are not content to slice and dice birds in wind farms, we roast and toast them in solar farms too! Hell of a way to be green.
It must be great eating for the scavengers in those areas. I’ll bet you have some monster coyotes.
Mexico doesn’t need the oil?
Of course they do, they just had to wait for the green energy scammers to use up the American market before they moved to Mexico. Are the Mexicans going to to move to all electric vehicles on their roads any faster, or even anywhere near as fast as the U.S., which isn't going there any time soon?
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