Mexico’s Federal Electricity Commission (CFE) will support the development of the 130-MW EL24 Wind Project in Tamaulipas, following its approval of the final interconnection agreement, Vancouver-based clean energy developer Revolve Renewable Power announced on Tuesday.
The new agreement outlines the technical and commercial terms required for El24 to connect and deliver power to Mexico’s national electricity grid.
Revolve is at the mid to advanced stage on two wind energy projects in Mexico’s northeast: EL24 and the 400-MW Presa Nueva project in Nuevo León, and also has plans to develop the 400-MW Florida Wind and the 330-MW El Mentillo projects in Nuevo León.
Revolve was also granted its first environmental permit by Mexico’s Environment and Natural Resources Ministry (Semarnat), and has received a final generation permit from Mexico’s energy regulator CNE. El24 was one of only five wind projects in Mexico to receive a generation permit from CNE.
“Securing the interconnection agreement de-risks the project significantly, confirms our grid access rights, and puts EL24 firmly on the path to ready-to-build status,” said Revolve’s CEO Myke Clark.
The firm will now work to complete final engineering and turbine optimisation, while also assessing construction financing, strategic partnerships and funding opportunities.
Revolve is developing a 2.8 MW portfolio of distributed-generation solar projects — thought to be worth around US $2.7 million — to be funded by the company. El24 is expected to achieve a ready-to-build status in late 2026 and be operational by 2028.
Mexico’s renewables rebound
Under former Mexican President Andrés Manuel López Obrador, the deployment of renewable energy in Mexico stalled between 2018 and 2024 as the government focused on the nationalization of energy and the development of the country’s oil industry.
However, since President Claudia Sheinbaum took office in October 2024, the government has supported the accelerated deployment of wind farms, solar plants and battery storage.
In October last year, Mexico’s Energy Ministry (Sener) launched a call aimed at attracting around US $7 billion (124.2 billion pesos) in private sector investment in wind and solar farms across the country.
Two projects were approved in Tamaulipas — El 24 and a 110-MW photovoltaic park based in the city of Altamira, managed by Solarig México.
“With these actions, Tamaulipas is solidifying its position as a national leader in reliable electricity generation,” the Tamaulipas government said in a December press statement.
The Sheinbaum government is delivering on its promises, which “gives everyone greater confidence in the market’s direction,” Revolve’s Executive Chairman Steve Dalton said in a September interview with the newspaper BNamericas.
“I’m more optimistic, as are the other developers I speak with,” Dalton added.
“If we look at the government’s energy plan, its goal is to generate approximately 1 GW per year with private energy. Even with the auction system, before López Obrador, the sector only generated around 1.5 GW. Sheinbaum’s government wants to return to a similar rate to what it had before.”
With reports from Renewables Now and BNamericas
