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April is ending with excellent energy vibes. Mexican energy clusters are getting stronger and a major green investment from Iberdrola secured the development of three wind farm. Meanwhile, Belgium places a big bet on wind offshore resources, while Lagerway, a Dutch company launches its first hydrogen wind turbine. In terms of grid stabilization energy storage through batteries is gaining strength and GTM Research forecasts the installation of 3GW of batteries during 2018. To get to know more about battery energy storage, check out our blog Energy Storage, an Innovative Trend Arriving to Mexico. In the Interview of the Week with Alejo Lopez, Senior Director of Business Development and Sales for Mexico and Latin America for NEXTracker, you will find more about energy storage plus solar technologies being brought to Mexico.
Electrified already? Here’s your weekly news roundup:
Coahuila’s Energy Cluster launched its Strategic Plan for Human Resources Development. The plan is backed by a federal investment of MX$357 million and will include 29 organizations with the goal of boosting the development of human capital for the energy sector.
Aguascalientes, Guanajuato, Queretaro and San Luis Potosi aim towards the creation of an energy cluster. The cluster would allow synergies among diverse public and private institutions and the replication of best practices.
10 private banks signed a US$400 million green loan with Iberdrola for the development of three wind farms in Mexico. This is the first green corporate loan for Latin America.
Discovery Management started procedures with the federal government to get environmental impact authorizations for the construction of the Kabil wind farm. The investment for the project is estimated to be of MX$1.44 billion.
Actis acquired InterGen’s portfolio of six combined cycle plants and one wind farm, which made up for a total 2.2GW in Mexico. The transaction was for a total value of US$1.12 billion. The new platform will be named Saavi Energia.
Belgium plans to reach 2.2GW of wind offshore capacity by 2020 and 4GW by 2030. The country currently has 871MW of offshore wind power capacity installed. This is part of its plan for exiting nuclear power.
Ørsted takes its first step into commercial battery storage. The company will build and operate a 20MW energy storage battery project near Liverpool. This comes short after GTM Research forecasts that 3GW of battery energy storage capacity will be installed during 2018. To get to know more about battery energy storage in Mexico and the world read our blog Energy Storage, an Innovative Trend Arriving to Mexico.
Ørsted also confirmed it was awarded with the right to install an additional 551.75MW of offshore wind capacity in the German North Sea during the country’s second offshore wind power auction. The auction showed an average price of 46.6€ per MWh.
Atlantis Resources’ study concludes that 2GW of tidal energy is immediately available to be harnessed in Normandy, with 1GW potentially becoming operational by 2025. Meanwhile, the Swedish wave energy company Seabased stated it will be constructing a wave power project in Sri Lanka, with a capacity to be yet decided but in the range of 1 to 5MW to power a fish farm. To get to know about tidal potential in Mexico take a look at MARERSA’s work to introduce this technology.
Lagerwey presented its hydrogen wind turbine in Germany. The 4.8MW turbine incorporates electrolysis into its system to be able to offer both electricity and hydrogen to potential customers. The first item is scheduled to be installed in 2019.
For more articles on Mexico’s energy industry, check out our blog!