August 17th marked the beginning of NAFTA renegotiations between the US, Canada and Mexico. Robert Lighthizer set the tone for the discussions by prioritizing the reversal of the American trade deficit. The Canadian delegation called for a NAFTA revamp that integrates progressive new chapters in the agreement, such as environmental standards, as well […]Continue Reading →
Yesterday, August 15, the presentation call of the first mid-term electric auction took place, which is expected to run on February 2018.
The mid-term electric auction will cover only two types of packages: power and energy, as compared to the long-term one where there are three types of packages: power, energy and CELs.
The […]Continue Reading →
While long-term electric auctions are fostering renewable energy sources in Mexico’s energy mix, the country’s private sector is also making a point in ensuring renewable energy takes a greater part of its energy consumption. Energy-intensive industries see this as an increasingly attractive option, especially considering CFE’s latest increases in electric tariffs for the industrial […]Continue Reading →
Development Banks will finance renewable energy projects awarded during the long-term electricity auctions in Mexico with a total investment of US$810 million. According to the Minister of Energy three credits have solidified; the first for the wind park “Reynosa II” with a credit of US$330 million coming from Bancomext, NAFIN and Banobras; […]Continue Reading →
CFE’s net utilities during 2017 first quarter dropped 91 percent compared to the same period in 2016, going from MX$106.9 to MX$9.2 billion. Although total sales increased by 38 percent, the drop obeys to the increase in generation costs of 56 percent, which is mainly driven by the higher cost of fuels. Continue Reading →
Without a doubt, organic residues valorization is an innovative energy production technology that, although it has been in sight for men for a long time (i.e. burning of residue to get energy), it has been until recently that the process has been considered as a way to tackle health, pollution and energy security problems.
In […]Continue Reading →
Guillermo García Alcocer, CRE’s president commissioner, trusts that the investment that has been already implemented in Mexico, ascending to approximately US$219 billion, will make it harder to revert the energy markets that surged because of the energy reform, no matter the results that may come with the elections or the NAFTA renegotiation coming […]Continue Reading →
When we think about geothermal energy, we may imagine big, steamy and noisy plants that expand throughout several hectares. Indeed, geothermal plants are projects like this, which also need big investments and time to be developed.
High costs are involved in geothermal, says Gerardo Hiriart, Director General of Grupo Enal, “a 100MW [geothermal] project can […]Continue Reading →
On July 17, the Student Energy Summit 2017 took place in Mérida. This initiative started in 2008 in Canada and its objective is to empower students to generate a positive impact in their communities through renewables.
Vestas will invest MX$1.5 billion on manufacturing facilities to produce blades in Tamaulipas. The factory, to […]Continue Reading →
Photo taken from: Bloomberg
The George W. Bush Institute proposed to eliminate all the barriers related to the implementation of energy commerce across the border between the US and Mexico, specially the one related to the need of US’ presidential permission for cross-border infrastructure. The institute pointed out how […]Continue Reading →