Dino Barajas Quoted by Energy Advisor on Mexico’s Cancellation of Renewables Auction

Energy Advisor, a publication of The Dialogue, has published a Q&A with Akin Gump cross-border transactions partner Dino Barajas in which he discusses the Mexican government’s recent decision to cancel the country’s fourth auction for long-term renewable energy projects.

Barajas, whose practice includes substantial work in renewable energies, said of the decision, “The cancellation of the latest long-term renewable energy auction, although a temporary setback for the momentum of renewable energy development in Mexico, will hopefully just be a minor reset moment for the market. The AMLO [Andrés Manuel López Obrador] administration has been vocal about the need to assess the prior administration’s sweeping energy reforms and Mexico’s overall energy landscape.”

He added that, given the low pricing of past renewable energy auctions and Mexico’s desire to become more energy-independent, he expects the López Obrador administration “to fully embrace the further development of renewable energy projects, which harness Mexico’s natural resources and make it less dependent on imported hydrocarbons. Additionally, it would be a shame to lose the momentum that Mexico has built to become one of the leading countries in renewable energy development globally.”