The Mexican Federal Electricity Commission (CFE) has announced the results of its first round of "hybrid development model" bidding, awarding a total of 37 new energy projects with a total installed capacity of 7411MW. This is the largest private capital participation project since 2016 and the first large-scale public-private joint venture power generation project after energy reform in 2025. This batch of projects will directly alleviate the power shortage problem in the Northeast Industrial Corridor and the Yucatan Peninsula, providing important support for nearshore outsourcing.

7411MW new energy project landed, leading developer takes shape

In this round of bidding projects, 6710MW of photovoltaic power generation and 700MW of wind power were awarded. A total of 222 project applications were received for bidding, with a total declared capacity of approximately 38GW, exceeding the bidding capacity by 581%. About 80 developers participated, and 37 projects were ultimately approved. The Yucatan Peninsula and northeastern Mexico have become key layout areas, with 20 out of 37 projects located in these two regions.

Enterprises that have obtained more projects include Cubico M é xico (4 projects), Solarig, Atlantica Renewable Power, Elawan Energy, etc. Many winning companies are also the winners of the private clean energy bidding in December 2025, indicating that the market is concentrating on top companies with financing capabilities and development experience.

New rule: CFE must hold at least 54% of the shares

This round of projects adopts a new model established by the 2025 energy reform: CFE holds a minimum stake of 54% and private capital holds a maximum stake of 46%. The project operates according to private law, and the contract template is uniformly formulated. The final investment decision needs to be approved by the CFE board of directors. Developers who already possess land, environmental impact assessment permits, power grid access rights, and other conditions can directly obtain authorization without the need for re bidding.

In the past three years, a large number of enterprises have relocated to Nuevo Le ó n, Coahuila, Yucat á n and other places, resulting in problems such as power grid connection queues and insufficient capacity in some industrial parks. This 7411MW newly installed capacity is not only an energy project, but also a key infrastructure project for Mexico's coastal manufacturing strategy.

Natural gas remains the mainstay, with mixed systems forming

The growth of electricity generation in Mexico does not solely rely on new energy sources. According to the "2025-2039 National Power System Development Plan", the current proportion of natural gas combined cycle power generation is about 65%, hydropower is about 10%, wind power is about 8%, and photovoltaics is about 7%. CFE is advancing multiple natural gas power plant projects, including Salamanca (927MW), M é rida (500MW), Valladolid (1020MW), and others.

Mexico is forming a competitive model of "American natural gas+Mexican manufacturing". The future trend is that natural gas provides the basic load, new energy provides incremental electricity, and energy storage assists in peak shaving. For Chinese enterprises, the demand for power equipment, transformers, energy storage, and grid automation will significantly increase. The approval of the 7411MW project is an important step for Mexico to fill its energy gap and enhance its manufacturing competitiveness. Editor/Yang Beihua