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As part of the framework of Mexico's Energy Reform and National Climate Change Strategy to reduce greenhouse gases, on March 31, 2015, the Ministry of Energy ("SENER") published in the Official Federal Gazette the requirements to acquire clean energy certificates, which will go into effect in 2018.
What Are Clean Energy Certificates?
Clean energy certificates are instruments issued by the Mexican Energy Regulatory Commission ("CFE") that evidence the generation of a specific amount of electric energy from clean energy sources. They are used to demonstrate compliance with clean energy consumption requirements as a portion of the total amount of energy consumed. (See Jones Day Commentaries, "Mexico's New Electricity Market Guidelines," " New Electricity Legal Framework in Mexico," and " Mexico's New Regulatory Framework for Oil and Gas: Transportation, Refining, Environmental, and Tax" for further information.)
Who May Be Granted Clean Energy Certificates?
Clean energy power generation plants that begin operations after August 11, 2014. Clean energy power generation plants owned by CFE that began operations before August 11, 2014 and that have implemented an expansion project to increase production. Clean energy power generation plants whose capacity was not included in an interconnection agreement under the legal regime in place before Mexico's energy reform. How Many Clean Energy Certificates May Be...