As the elections are slowly creeping in, both private and public institutions are getting more involved in evaluating the proposals of the presidential candidates. This is shown by a missive signed by the main associations of the Mexican energy industry and sent to the candidates. On May 15 the presidential candidates’ advisors gathered to share the candidates’ vision for Mexico’s energy future (to get to know more check out our coverage blog). In the international arena, an acquisition offer made by China Three Gores for EDP is considered too low, a coal mine in Poland is turned into a cutting-edge virtual power plant and an analysis of the US energy market concludes that strong energy cost savings can be met by 2030 with a high penetration of renewables in the country.
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The main associations of the Mexican energy industry sent a decalogue of petitions to the presidential candidates to ensure energy security in the country and allow for a competitive industry. The missive was signed by AMGN, ASOLMEX, AMEXHI, AME and AMDEE, which altogether are composed by over 340 affiliated companies.
Do not miss our blog covering the presidential candidates’ advisors vision for a sustainable Mexico, together with an evaluation of their proposals in terms of climate change.
Ingeteam secured a supply order for over 555MW of PV inverters. The equipment will be used in large scale solar farms and smaller commercial and industrial sites in Mexico. This shipment will increase the presence of the company in Mexico to a total of 800MW.
Guadalajara and Los Mochis are finalists in the sustainable cities challenge launched by WWF. The program has included over 400 cities from the five continents since its creation in 2011.
China Three Gorges launched a bid to take control of EDP. The bid was for a total value of US$10.8 billion, offering a premium of just below 5 percent on the power firm’s closing stock price. A couple of days later EDP stated that the takeover proposal was too low and one that undervalues the company. However, the company also said that its executive board will issue an opinion on the takeover bid in due course.
Restore launched virtual power plant (VPP) in a Belgian old coal mine. The 32MW VPP has a distribution-grid-connected 18.2MW Tesla Powerpack storage system and has been providing primary frequency regulation to the Belgian transmission system operator since April 2018.
An analysis of Berkeley Lab considering that wind and solar production reaches 40 to 50 percent of the US generation by 2030 concluded that energy prices could fall by 25 percent or more.
Vattenfall brought online a 22MW battery at its 228MW wind farm in Wales. This is the largest co-located battery in the UK. Claus Wattendrup, Vice President Solar & Batteries of Vattenfall Europe Innovation, mentioned “”hybrid renewable parks will play a larger role in the future and we are leading this development.”
For more articles on Mexico’s energy industry, check out our blog!