Mexico faces several turnouts regarding the entrance of the new administration. In one hand, with the cancellation of the New International Airport of Mexico City, Fitch Ratings qualified the country’s financial performance with a negative score. On the other hand, MORENA restored CNH and CRE’s technical autonomy by abandoning its initial law proposal at Congress.

On a global base, major investments boost disruptive technologies such as offshore wind farms, blockchain and EV charging systems. Even though president Trump is pushing to dismantle US’ renewable power and fuel economy, California and New York states started taking legal action against this.

Want to get energized? Here’s your weekly news roundup:

 

 

NATIONAL

 

MORENA’s Mexican leftist party, returns autonomy to CRE and CNH. The intention of removing technical autonomy to CNH and CRE will be dismissed by MORENA’s parliamentary group at the Deputy Chamber.

Fitch Ratings rated CFE with a negative score. This revision reflects a strong bond with the current Mexican perspective after the cancellation of the New International Airport of Mexico City.

ArcelorMittal is incorporated to the Wholesale Electricity Market. The Mexican leading steel company, and one of the main energy consumers in the country, signed a contract with CFE Calificados for the supply of 600MW for its San Lázaro productive plant.

Suncore will compete against foreign players for the local solar market. The company will invest US$10 million in 2019 to trade its energy in the Wholesale Electricity Market.

11 million street lighting poles will be summed to the National Electricity System. The proposal has the objective of providing users with more telecommunications services.

 

 

INTERNATIONAL

 

New York and California Lead the Charge on Climate Rule Rollbacks. Democratic-leaning states are readying for legal battles over the Trump administration’s efforts to dismantle clean power and fuel economy rules.

Wind Offshore Floating technology begins to commercialize in Europe. The European Investment Bank (EIB) granted EUR68 million loan to WindPlus, a JV between EDP Renewables, Repsol and Principle Power.

Quanta awarded a global recruitment framework by Shell’s New Energies business. Quanta’s renewable energy team will deliver both commercial and recruitment services to support the Dutch company’ renewable portfolio.

A 120- kW Wireless EV charging System is unveiled by the Oak Ridge National Lab. The system is six times more powerful than one developed by ORNL researchers just two years ago an transfer power at the same rate as a wired Tesla Supercharger.

Japanese company Kepco pursues second blockchain project for solar trading. The announcement cited the University of Toronto, the IT giant Nihon Unisys and Mitsubishi UFJ Bank as partners.

 

For more articles on Mexico’s energy industry, check out our blog!

Leave a Reply

Your email address will not be published. Required fields are marked *

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!

Visit our friends!

A few highly recommended friends...

Set your Twitter account name in your settings to use the TwitterBar Section.