Congratulations to Odón de Buen, for receiving the Sever for 7 award! Also, as a hydroelectric project gets the green light for construction and Acciona and Tuto Energy reach financial closure for their solar park in Mexico, on a global level Fujitsu sets plans to go full renewable by 2050. Meanwhile, Facebook gets one step closer to that goal by announcing a partnership for the construction of 437MW of solar capacity.

-Electrified already?  Here’s your weekly news roundup:

 

NATIONAL

 

Odón de Buen was recognized by Sustainable Energy for All, a global initiative of the United Nations, due to his over 30 years of career and how it has been reflected in a decreasing trend in energy consumption in Mexico. De Buen received the award, together with other six leaders in the movements of reaching the seventh millenium goal  – providing affordable and clean energy – at Bloomberg’s central offices in New York City.

SEMARNAT approved the environmental impact assessment for the construction of a hydroelectric plant in the state of Puebla. The project has an estimated cost of US$126.7 million.

 

 

Acciona and Tuto Energy reached financial closure with four banks for Puerto Libertad solar park. BDAN, BANOBRAS, ICO and Banco Sabadell signed the financing for the 404MW plant that started construction on February of this year in Sonora and is expected to start operations on 1Q19.

 

INTERNATIONAL

Stora Enso will invest €250 million to install a new steam turbine with a closed-loop cooling system and additional biomass storage at its mill in Maxau, Germany. The project is expected to start on 3Q18 and to be completed by 2020.

Developer and owner of utility-scale energy storage projects esVolta was selected by PG&E to build a 75MW/300MWh li-ion battery project in California. The project proposal is still under review by California Public Utilities Commission, but is expected to be completed by December 2020.

 

 

Pacific Power announced its partnering with Facebook to construct four solar projects in Oregon and Utah, with a total capacity of 437MW. One of them will be developed by Invenergy, who is already building two projects for a total of 100MW to serve Facebook.

Fujitsu, Japanese tech giant, plans consume all electricity at its global facilities from renewable sources by 2050, with an interim target of 40 percent by 2030. This was states as the company joined RE100, a global initiative of the world’s biggest companies committed to renewable power.

 

 

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

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