Vector Cuatro, reference advisor in the first long-term electricity auction in Mexico
The company has provided financial and technical advice to some of the companies participating in the first long-term auction in Mexico for the sale of green energy, totaling more than 50 % of the awarded production.
On March 31st, CENACE (Centro Nacional de Control de Energía) published the names of the awarded companies in the first electric tender for the procurement of energy from renewable sources in Mexico during the next 15 years. A total of 11 companies were awarded the contracts in a highly competitive auction that included 227 bids from 69 bidders.
In this process, 5,402.8 GW-h annual energy were awarded from both wind and photovoltaic plants, which will come into operation in 2018 in the Mexican states of Guanajuato, Coahuila, Yucatán, Jalisco, Tamaulipas, Aguascalientes and Baja California Sur.
Due to its experience as a consultant in many projects globally, Vector Cuatro has actively participated in this process by supporting some of the shortlisted and winning companies in the first tender after the Mexico energy reform. Thus, the Spanish multinational has provided financial and technical advice becoming a key player in the Mexican market.
Vector Cuatro opened in 2013 its office in Mexico from which it manages all its operations in Mexico, Guatemala, the Dominican Republic, Ecuador, Peru, Honduras, El Salvador and Panama, where has provided services in more than 1.600 MW. Additionally, the company has decided to deploy its technical and financial advisory services in Chile and has kicked off the negotiation of its first Asset Management contracts in the country, where it is currently considering to open a new office.
At the moment, Vector Cuatro has carried out more than 600 projects in 22 countries worldwide and is internationally ranked as one of the most important companies in the renewable energy industry. It has over 1 GW of power under management, 4 GW in financial advice and counts with a track record of 16 GW throughout the entire value chain of the projects. In September 2014, the company was incorporated into the Italian Falck Renewables Group (FKR.MI), a leading player in the European renewable energy industry and listed at the Milan Stock Exchange.