Zuma Energia strengthens position in Mexico’s clean energy market following 725MW auction win
Zuma Energia has cemented its position as one of the leading clean energy companies in Mexico following the Long Term Second Auction announced this morning.
The auction, organized by the Mexican Ministry of Energy and the National Center for Energy Control saw Zuma win with a portfolio of 725MW. These projects represent 26.5% of the total contracted energy, and 25.4% of the total Clean Energy Certificates.
Zuma Energia is backed by leading growth markets investor Actis and by Mesoamerica. The team has a successful track record of building significant renewable energy operations across multiple geographies. Actis’ energy businesses have generated 14.5GW of energy capacity across the globe.
Adrián Katzew, Zuma Energia´s CEO said: “This is a transformational moment in Mexico and has demonstrates the competitiveness of renewables. It is a privilege to contribute to the sustainable transformation of Mexico’s electricity system, benefiting the generations to come.”
Michael Harrington, an energy partner and the head of Actis’ Mexico office, said: “This result reflects the high level of technical knowledge and experience within the wider team. The volume awarded exceeds our original 700MW business plan target and demonstrates that the regulatory framework is now receptive to the cost competitive solution that clean energy can deliver.”
Luis Javier Castro, founding partner at Mesoamerica, added: “After building with Actis the leading Renewable Company in Central America, we feel very excited about this new stage in the development of our platform in Mexico. We are fully committed to the development of the region through investments that promote prosperity and a sustainable planet.”