The initiative of law proposal of MORENA to subordinate CRE and CNH to the Ministry of Energy is not well received, both by national and international players. Meanwhile Europe aims to produce more hydrogen and batteries and Oxford PV claims to have reached a new world record on solar energy production.

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

 

NATIONAL

FIRA emitted its first green bond for the rural sector. The bond issue was for the amount of MX$2.5 billion, and additionally it also emitted a bond for MX$2.87 billion for general financing.

The Minister of Sustainable Development in Queretaro proposed a program to mitigate the increase in electricity prices. The proposal aims to create energy packages of electricity services that would decrease costs for companies.

Moody’s emitted a warning regarding Mexico’s credit grade. The warning mentions how MORENA’s initiative of law to subordinate CRE and CNH to the Ministry of Energy would decrease the country’s investment grade.

 

 

The Iberoamerican Association of Energy Regulatory Entities (ARIAE) expressed its concern regarding MORENA’s initiative of law to subordinate CRE and CNH to the Ministry of Energy. COMENER also expressed concerns.

 

INTERNATIONAL

TATA Steel, Nouryon and the Port of Amsterdam plan largest hydrogen cluster in Europe. The parties will study the feasibility of a 100MW renewable energy-powered water electrolysis facility in the Amsterdam region to produce 15,000 tons of hydrogen a year together with oxygen for industrial use by TATA Steel.

Bourbon Subsea Services was awarded a turnkey contract for the installation of 25MW of wind floating turbines. The installation will take place northern offshore Portugal.

 

 

Oxford PV claims to have reached 27.3 percent of energy conversion efficiency with a tandem solar cell. The company now aims to reach over 30 percent efficiency by 2020.

Swansea Bay City Region issued a Prior Invitation Notice to gauge interest of the private sector on the Swansea Bay tidal lagoon. This after it concluded that the development of a tidal lagoon needs to be led by the private sector and without the reliance on government or local government subsidy.

BASF selected Finland as the first location for battery materials production serving the European automotive market. The plant will be constructed adjacent to the nickel and cobalt refinery owned by Norilsk Nickel.

EnBW launched its first green bond, of €500 million, on the capital market. The bond is for a 15-year term to maturity and was oversubscribed within hours.

 

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

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