Mexico kicked off its historic public bidding to open its power sector to private foreign investors this spring, awarding rights to 11 international and Mexican companies in a move that energy lawyers called a huge step toward transforming its aging electric grid.
The winning companies said that they will invest $2.6 billion in new solar and wind facilities in the next few years. But some lawyers whose firms worked with the solar and wind companies who bid in March said that the biggest winner of the auction is Mexico itself.
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