The planned capacity would come from three hydroeletric plants and two wind farms for a combined 755MW.
The 27MW Diadema II plant was a winner in the country's RenovAr renewable energy program.
IEnova announces execution of a long-term electricity sale and purchase agreement with Scotiabank
Bioenergy remains the largest source of renewable energy because of its widespread use in heat and transport, sectors in which other renewables currently play a much smaller role
According to John Paul Moscarella, lower capex and rising interest rates will offset each other to result in long-term power prices in Mexico's fourth renewables auction scheduled for November being similar to the record low ones in the third auction.
Certainty regarding financial guarantees will stimulate efficient expansion of the sector, says the regulator, as interconnection remains a major bottleneck.
The fund will count with the participation of pension funds and institutional investors.