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Latin American Economy & Business - April 2016 (ISSN 1741-7430)

Mexico: Encouraging outlook for renewables

Mexico held its first-ever long-term power supply auction on 29 March, with mainly wind and solar companies competing for 15-year contracts to supply the state-owned Comisión Federal de Electricidad (CFE) with electricity. Despite an embarrassing glitch, the auction was widely hailed as a success, attracting total investment of over US$2bn, and positioning the country as a regional leader in renewable energy use.

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