Bimbo and BBVA Bancomer go green, while Cleantech Challenge selected the greenest upcoming companies in Mexico on its Ninth edition. Enel Green Power connected over 1GW of solar capacity to the Mexican grid. Wood Mackenzie created its new Power and Renewables division, Invenergy secured US$150 million funding for new projects, Statkraft will spend US$1.2 billion annually until 2025 and the World Bank committed US$1 billion to fund a new global program on batteries.

-Want to get energized? Here’s your weekly roundup:

 

NATIONAL

Grupo Bimbo joined the RE100 initiative, committing to consume 100 percent  renewables by 2025. This makes it the first Mexican and Latin American company to join the initiative.

BBVA Bancomer emitted its first green bond for MX$3.5 billion. The company also made an additional emission for MX$7 billion.

 

 

Enel Green Power connected over 1GW of new solar capacity to the Mexican grid. The new solar capacity connected to the grid includes the 828MW Villanueva and the 260MW Don José solar parks.

Cleantech Challenge gave its annual price on its Ninth edition to the greenest companies in Mexico. After receiving 795 proposals, the big winner was PelletMX with a bioenergy proposal taking advantage of organic residues.

 

INTERNATIONAL

Shell and US Department of Energy’s National Renewable Energy Laboratory (NREL) launched a new multimillion-dollar cleantech accelerator program. The program will initially focus on technologies enabling the grid of the future through long-term energy storage and controls

Wood Mackenzie introduced its new division Wood Mackenzie Power & Renewables. The strong team is made up of the solar, energy storage and grid edge experts formerly of GTM Research, the wind consultants and analysts from MAKE, and the global power team from Wood Mackenzie.

Invenergy future fund closed a US$150 million fund and changed its name to Energize Ventures. Invenergy Future Fund has already invested about US$30 million in five very different startups that share a common theme: using data to make energy and industrial operations more affordable, reliable and secure.

According to the IEA wind will be Europe’s largest energy source by 2027. By 2040, the IEA estimates wind will account for around 31 percent of total electricity generation in Europe, while nuclear and gas will account for a further 17 percent each.

 

 

Statkraft will spend US$1.2 billion on renewables each year through 2025. The company plans large upgrades of Nordic hydropower capacity, but also targets reaching 6,000MW of onshore wind and 2,000MW of solar until 2025.

The World Bank Group committed US$1 billion for a new global program to accelerate investments in battery storage for energy systems in developing and middle-income countries.

 

 

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

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