Firms that obtained PPAs through a pair of renewable energy tenders last year are still in the process of securing financing from the FODER national trust.
Authorities seek proposals to convert existing open-cycle thermal plants to combined-cycle, as well as for cogeneration projects.
Mexico's new electric power market model is working well and companies must now take advantage of it to reap the benefits it offers, attendees heard at a renewable energy conference.
The Latin American development bank said that infrastructure investment in the region averaged 2.8% of the GDP per year between 2008 and 2015, and a "substantial" contribution from the private sector is now required.
Companies that can drive the move to lower emissions must be identified to trigger the necessary shift, according to the director of Carbon Trust México.
Mexico's commercial and industrial sectors are moving closer to a self-supply market from renewable sources such as wind and solar, according to panelists at a conference in Mexico City.