CENACE last week announced an operational state of emergency on the Yucatan peninsula. Although a day later, the agency clarified that CFE has two transmission lines that could supply additional capacity as a last resort.
AMLO administration officials held another round of talks with Andrés Fusco Clynes, Tamaulipas’ Energy Commissioner, to discuss the latest advancements […]Continue Reading →
In May 2018, the entrant administration published the 2019-2024 National Development Plan. This document positions PEMEX and CFE as the leading axis of the country’s development. Given the reorganization of CFE’s subsidiaries, COFECE warns this modification might represent competition risk for market participants. From the national utility’s side, CFE’s director general announced a bid process […]Continue Reading →
Last week, CFE’s Board of Directors presented the company’s 2018 balance sheet and determined the strategic projects that will be reinforced during this sexennial. The Mexican utility also signed an acceptance certificate with the EPC consortium composed of OHL and SENER to construct a 770MW combined cycle plant. RENGEN offered its in situ generation technology to […]Continue Reading →
Last week, after the Senate rejected AMLO’s first proposal for substituting missing commissioners at CRE, President López Obrador resent the same candidate options. As law indicates, an interviewing process between candidates and the Senate took place, where officials determined lack of technical background and expertise and presented an amparo lawsuit against this proposal. Nevertheless, amid […]Continue Reading →
1Q18 is finishing with plenty of energy. Mexico sets a step forward towards its energy transition as CFE’s Fibra E increased its value by 28 percent, while Enel Green Power committed to invest US$95 million in power plants. In the US natural gas is expected to take over renewables in power installation during 2018, while […]Continue Reading →
CENACE accepted 47 purchase and 13 sale power offers for the upcoming mid-term electricity auction. The purchase offers come from four different potential buyers.
Fotowatio Renewable Ventures, the Spanish solar unit of UAE-based Abdul Latif Jameel Energy, announced the financial closure for a 342W solar park to be built in San Luis […]Continue Reading →
Both CNH and CRE received a 24 percent increase compared to their original budget petition for 2018. This comes after constant budget cuts suffered by the regulators during the last three years.
The Interamerican Development Bank announced that it will support FIRA, the Mexican development bank for the farming, rural, forestry […]Continue Reading →
The promise of a green and sustainable future paints the perfect picture; however, in reality, transitioning a world dependent on fossil fuels to renewable energies is not as easy as it sounds. One of the most important factors that is slowing this transition is the cost of renewable energies in comparison to traditional sources of […]Continue Reading →