While the inflation rises to Banxico’s predicted levels of 3.78 percent, prices of energy commodities, such as LNG and natural gas, remain steady. June has become the month with the lowest levels of industrial activity in 2019, mainly driven by relapses in the mining and construction industries. Nevertheless, electricity generation, transmission and distribution increased its increased by 1.1 percent.

In addition, CRE published its 1H19 distributed generation results, which compares the number of contracts signed with installed capacity. The report shows that the number of contracts signed during 2019 fell short by 644 contracts, in comparison to 1H18.   

The IPCC published its special report on Climate Change and Land, revealing that human activity is responsible for 23 percent of GHGs emissions related to land use. International companies like Zara and HP set ambitious goals toward sustainability practices and Colombia relaunches renewable auction with new surprises for participants.

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NATIONAL

Under blackout emergency, transmission line project is discussed. Politicians and businessmen from Baja California Sur urge the need of constructing a submarine HVDC cable, interconnecting the state to the National Interconnected System (SIN).

Refrigeration company CRIOTEC became the first Mexican client to use Enel’s Green Label This distinction is given to businesses and products that run fully on renewable energy from the Italian utility.

 CRE published the 1H19 distributed generation results As of June 2019, 17,767 contracts were signed, compared to last year’s 18,411 target.

Industrial activity in Mexico drops again in June. Nevertheless, the electricity generation, transmission and distribution segments had a 1.1 percent increase in growth.

Inflation increased to 3.78 percent, but LNG and natural gas prices remain steady. The prices of some energy commodities and high-consumption food products decreased in June, confirming Banxico’s forecasts.

INTERNATIONAL

Zara clothes to be made from 100 percent sustainable fabrics by 2025. Inditex announced that its other brands, Zara Home, Massimo Dutti and Pull&Bear, will follow this same commitment.

According to IPCC’s Special Report, land is a critical resource. Agriculture, forestry and other types of land account for 23 percent of human GHGs.

Relaunch of Colombia’s renewable auction will allow for 15-year PPAs. Participants have until September 6 to place their bids and the auction will take place on October 22, 2019.

Danish giant Ørsted to electrify its fleet. By 2025, the company will convert 340 vehicles to EVs and plug-in hybrids.

HP aims to power global operations with 100 percent renewables by 2035. The company says its Sustainable Impact program has generated more than US$900 of new revenue.

 

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