Milbank partner Dan Bartfeld commented in a Wall Street Journal article titled “Mexico Secures Even Lower Prices for Clean Energy in Auction” on the expected investment of around $2.4 billion in new electricity generation projects. The auction was Mexico’s third since the creation of the wholesale power market under a 2013 energy sector overhaul.
Mr. Bartfeld, head of Milbank’s Global Project, Energy & Infrastructure Finance Group, who has represented clients in this and previous auctions, noted: “This shows the continued trend of the diversification of power sources. The mix is moving much more significantly towards renewable power.”
“I think it’s a combination really of the [solar] panel prices coming down, which is significant—technology resulting in cheaper panels—coupled with companies looking for growing markets where they can invest, and Mexico is certainly top of the list,” he added.
Mr. Bartfeld has led the Milbank team in some of the largest and most high-profile energy and infrastructure financings in Mexico and across Latin America and the US.
Wall Street Journal - Mexico Secures Even Lower Prices for Clean Energy in Auction (subscription required)
