Italian energy company Enel Green Power recently launched a qualified energy supplier subsidiary in Mexico, through which it intends to acquire at least 150 large customers, bringing in $35 million a year.
Enel plans to make a substantial bid to commercialise electric power, clean energy certificates and energy solutions for commercial and industrial users with an annual electricity demand of more than one megawatt (MW).
In order to provide these services, Enel will buy the best offers from the two long-term wholesale market auctions that have taken place in Mexico. This will complement the 728 MW of power that has been purchased since the auctions and the 1,282 MW that has yet to be purchased.
According to Gerardo Cervantes, Enel's Mexico and Central America energy manager, the contracts which Enel is hoping to conclude will be tailored to meet the necessities of its clients.
This type of private investment is a clear example of how the Mexican energy reform has led to the emergence of new players that were previously unable to participate in this sector, thus demonstrating Mexico's potential as an investment opportunity.
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