The major event of the week – for all Mexican economic sectors and beyond – was Donald Trump’s inauguration ceremony as the 45th President of the US. The position of the new administration regarding energy policy will have repercussions on both sides of the Bravo River, not all necessarily negative for the Mexican energy sector. In the domestic side, the Energy Reform implementation process continues at the spotlight as new regulations are published changing the market landscape continuously.
- Mexico is among the best ten markets to invest, PwC’s annual CEO’s survey places Mexico as the ninth most attractive market for investors. Read more here.
- Trump Day 1: Global Warming’s Fate, the position of the new US President regarding fossil fuels and renewables might put the world’s climate goals at stake. Read more here.
- IRENA releases ‘Renewable Energy Market Analysis: Latin America’, according to the agency, renewables investments in Mexico doubled from 2004 to 2005, transforming Mexico into the region’s second largest renewables investment destination. Read more here.
- Energy will not be included in the renegotiation of NAFTA, former Mexican ambassador to the US claims that the Energy Reform has created an environment that is beyond President Trump’s reach. Read more here.
- CRE narrows PEMEX’ natural gas sales, CRE advances in the implementation of the asymmetric regulation – which forces PEMEX to give up 70 percent of its natural gas sales contracts by 2018 – to incentivize private investment in the sector. Read more here.
- CFE’s Transmission Tariffs for 2017, the productive enterprise of the state releases the electricity transmission tariffs that will be valid up to December 2017. Read more here.
Companies to Follow
- IEnova plans to diversify its project portfolio and clients this year, including business in transport and storage of refined oil products as well as electricity generation and sales. Read more here.
- Gamesa, the Spanish-based firm has signed two new contracts with Iberdrola to supply 134 wind turbines with a total capacity of 325.5MW for two wind farms in Mexico. Read more here.
- CAAPITAL and Shanghai Ventures announced the launch of DG Energy Capital, the first private equity fund in Mexico providing innovative financial solutions for developers in the distributed solar energy sector. Read more here.