The World Energy Council, CFE and the Ministry of Energy signed a MoU that will boost Mexican human capital. During the participation of Christoph Frei’s, Secretary General and CEO of WEC, in a series of conferences in Mexico City, Mexico Energy Review had the opportunity to interview him and discuss relevant aspects of Mexico’s energy industry and its future. Do not miss Frei’s perspective of the Mexican energy industry featured in Mexico Energy Review 2019.
Furthermore, CRE awarded 10 clean project development permits while MIRA acquired 90 percent of a solar portfolio and INEEL offered funds for geothermal developers through an IBD funding program. Meanwhile the European Space Agency aims to better understand wind resources all over the world, solar installations are set to soar in the Middle East and Africa and batteries Lithium-ion batteries will exponentially increase up to 2022.
-Electrified already? Here’s your weekly news roundup:
CFE and the Ministry of Energy signed a MoU with the World Energy Council. The agreement will allow Mexicans to make one-year internships in the WEC offices in London to learn more about energy. Mexico Energy Review proudly had the opportunity to have an interview with Christoph Frei, Secretary General and CEO of the WEC. Do not miss Frei’s perspective of the Mexican energy industry featured in Mexico Energy Review 2019.
According to the Executive President of the Mexican Association in Human Resources Management, the country’s energy industry will need of 200,000 highly specialized human capital in digitalization and Industry 4.0 processes over the next five years.
CRE awarded 10 permits for the development of clean energy projects which represent in total an investment of US$2 billion. One of the projects is a combined cycle plant, two are cogeneration plants, one is a wind farm and the other six are solar PV parks.
INEEL made a call for developers to participate in the Geothermal Financing Program. The program consists of a funding program awarded by the IDB to drill geothermal exploratory wells by operators
Arctech will supply 288MW of trackers for two Mexican solar parks. The single-axis tracking solution will be implemented in two parks of Bester Generación in Chihuahua.
Macquarie Infrastructure and Real Assets (MIRA) acquired 90 percent of a solar generation portfolio with a total capacity of 322MW in northern Mexico. The portfolio consists of two already operating projects, one under construction and the other programmed to start construction by the end of 2018.
Aeolus, the first satellite to measure global wind patterns, was launched on Aug. 23. The European Space Agency, will drastically improve weather predictions by determining wind direction and velocity up to 30km above the earth’s surface, almost everywhere and in real time.
GTM Research forecasts that the Middle East and Africa will skyrocket their solar installations by 170 percent in 2018. It also predicts that the acceleration will continue as 83GW of solar will be installed during the 2018 to 2023 period. As for the rest of the world, GTM Research’s prediction is that by 2022 over 871GW of solar capacity will be installed worldwide.
Lithium-ion storage installs could grow 55 percent annually up to 2022, according to GTM Research. This means that annual Lithium-ion installation will grow more than eightfold, from 2GW in 2017 to 18GW in 2022.
KfW concluded its minority investment in 50Hertz.The German state-owned bank is now the owner of a 20 percent stake in the transmission system operator.
For more articles on Mexico’s energy industry, check out our blog!