Siemens Gamesa Renewable Energy announced on Friday that it has secured a new wind turbine order in Mexico for the supply of 100 megawatts (MW) as part of the most recent renewable energy auction held in the country in November of 2017.
Mexico’s third Long-term Auction for renewables was held in November of 2017 and ended up awarding a total of 2.5 gigawatts worth of new projects — 9 solar projects, 5 wind projects, and a single turbogas project — awarded at an average price of $20.57 per megawatt-hour (MWh).
Projects awarded in such auctions are not necessarily immediately claimed or publicized, and movement on those projects is similarly not immediate. This week, however, Siemens Gamesa Renewable Energy, the world’s leading wind energy company, announced that it had secured the order to supply 100 MW worth of wind turbines made up of 29 units of its SG 3.4-132 turbines for a wind farm to be located in the Mexican state of Coahuila. Siemens Gamesa will deliver the wind turbines in the first quarter of 2019, but no extra information is currently available.
The announcement signals the company’s continued development in what is quickly becoming one of the world’s most important wind energy markets. Mexico currently has one of the world’s wind energy markets with the greatest potential, thanks to electricity reforms which were passed in 2015 and required 35% of the country’s electricity to be generated from renewable energy sources by 2024.
“Siemens Gamesa is strongly committed to the Mexican market,” said José Antonio Miranda, CEO of Siemens Gamesa’s Americas Onshore business. “We were pioneers in this market and we have established ourselves as the leading supplier thanks to our vertically integrated presence along the value chain and our ability to adapt to our customers’ needs.”
So strong is Mexico’s potential that Bloomberg New Energy Finance (BNEF) in March predicted that, by 2022, the country would install an additional 24 terawatt-hours of clean energy. Mexico has also recently been one of the highlight countries in terms of global wind energy and clean energy investment predictions. Near-term wind power growth is reliant upon countries such as Mexico and others in Latin America, according to a March report published by MAKE Consulting, while BNEF last week predicted that clean energy investment during the first quarter saw only a few highlights, including Mexico.
For Siemens Gamesa, the announcement is one of many that have been announced through the opening months of 2018 which not only serve to confirm the company as one of the world’s leading wind power companies, but potentially the biggest of them all.