Enel Green Power Mexico installs its first bifacial module at the Magdalena II power facility. This 220MW solar plant is located in Tlaxcala and will supply energy to the Wholesale Electricity Market. According to Enel Director General Paolo Romanacci, the country remains attractive for investment. The Spanish giant, Iberdrola, agrees. It has stated its commitment to the country in the past weeks. In addition, Commissioner Guillermo Zúñiga has resigned from CRE and PwC unveiled a report addressing the current trends of electricity supply in Mexico.
On the global landscape, the Bank of England pledged in an open letter to seek financial systems that encourage climate action from a policymaking standpoint. A GWEC study finds that one in five wind turbines installed in 2018 were from Vestas and the University of California unveils what it says is a better method to recycle used lithium-ion batteries.
Ready to find energy for the week? Here’s your weekly news roundup:
Mexico continues to be an interesting country for renewables investment, says Paolo Romanacci During the installation of its first bifacial module in Magdalena II, Enel’s Director General said he is confident about the future
Guillermo Zúñiga announces early resignation The former commissioner at CRE was in the first year of his second seven-year contract
Kinder Morgan receives authorization to expand gas pipeline Sierrita’s pipeline will supply 200MMcf of natural gas from the El Paso system to Mexico’s frontier with Arizona
AMLO’s administration pushes to renegotiate energy contracts According to Casiopea Melgar, Analyst at Fresh Energy Consulting, these measures generate uncertainty and could be considered illegal
PwC unveils electricity supply report based on the Mexican energy market Through a survey, this research paper compares the current market situation with last year’s landscape
GLOBAL ENERGY DYNAMICS
By 2030, over half of new electricity connections will be off-grid A new report by Wood Mackenzie shows that investors spent more than $500 million in over 170 off-grid power investments in 2018
Bank of England publishes open letter on climate-related financial risks The Network for Greening the Financial System (NGFS) calls for policymaking action on climate change
How green are electric cars? An EU study found that EVs using electricity generated by an oil-fired power station would use only two-thirds of the energy of a gas car traveling the same distance
MARKETS & REGULATION
One in every five wind turbines installed in 2018 were from Vestas, says GWEC The Global Wind Energy Council also found that half of the top 15 wind manufacturers are based in China
Cities threatened by climate risk are still getting AAA bond ratings Last fall, ratings companies warned vulnerable coastal cities to get ready for climate change or face higher borrowing costs
Why virtual power plants are the future of solar energy This new concept of energy management is projected to reach a market size of $709.98 million by 2023, growing at a CAGR of over 29 percent
TECHNOLOGY & INNOVATION
Better method to recycle and renew used cathodes from lithium-ion batteries Researchers at the University of California have improved the recycling process that is safer and uses less energy
Scientists evaluate technique for firing up fusion-reaction fuel The innovative technique, known as “transient coaxial helical injection “eliminates the central magnet that is widely used on fusion facilities
Researchers develop the most powerful, durable hydroxide exchange membrane fuel cell components These novel membranes are made from poly(aryl piperidinium) polymers
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