Mexico is a thriving country for energy projects, and as proof we have Enel finishing its 238MW solar park five months ahead of schedule, and Guillermo García, President Commissioner at CRE mentioning that 35 percent of the projects awarded during the first long-term electricity auction are ready to begin construction or even begin operations. Meanwhile, on the international level, offshore wind turbines get a boost from Siemens, and BP invests in EVs as BNEF predicts a heavy increase in EV sales for 2030.
-Electrified already? Here’s your weekly news roundup:
During the inauguration of MIREC Guillermo García Alcocer, CRE’s president commissioner, mentioned that 35 percent of awarded projects during the first long-term electricity auction have received their permits, social evaluations and financing to start construction and, for some, start operations.
The energy sector has raised MX$202 billion in the BMV, an amount that represents 14 percent of all CKDs. Of the MX$202 billion 60 percent comes from PEMEX and CFE, with the rest coming from private players.
Enel Green Power inaugurated operations of its 238MW Don Jose solar park in Guanajuato, five months ahead of schedule. The investment for the construction amounts for approximately US$220 million, and was inaugurated
SeaTwirl and Siemens stablished a partnership for the development of technical parts for floating offshore wind turbines. This will help SeaTwirl’s goal off launching SeaTwirl S2, a 1MW commercial floating offshore turbine due to be completed by 2020.
Caisse de dépôt et placement du Québec will acquire a 52.4 percent economic ownership in Invenergy Renewables, while Invenergy will continue to be the managing member of the company.
The latest long-term forecast from Bloomberg New Energy Finance predicts sales of EVs will increase from 1.1 million in 2017 to 11 million in 2025. It also predicts that 30 million EVs will be sold by 2030. Meanwhile, on May 22 BP announced its plan to invest US$20 million in StoreDot, an Israeli startup that claims to offer 5-minute EV charging with a new generation Li-ion battery.
Facebook and Luxcara entered into a long-term PPA for 100 percent total output of 70 wind turbines with a capacity of 4.2MW each in southwest Norway. The yet-to-be-constructed project is expected to each commercial operation in Q419.
Innogy joined the European Network for Cyber Security, a non-profit organization that bring together various stakeholders in the energy market and security experts to create secure grids and infrastructure.
For more articles on Mexico’s energy industry, check out our blog!