After three successful long-term electricity auctions in Mexico, a fourth edition will be postponed so the new administration can execute it. Additionally, the public tenders for the most relevant electricity transmission projects in the country will also be postponed for the 1Q19.
In the international scope, energy leaders are also passing the torch. Robyn Denholm will substitute Elon Musk as Tesla Board Chair and GE Renewable Energy unveiled its brand new Director General for its GE Hydro division.
In the meantime, California’s energy regulators drive the construction of the two largest battery systems in the world. And international main concerns regarding battery systems main raw material rely in the discovery of contaminated cobalt with uranium in the biggest cobalt-producing mine located in the Democratic Republic of Congo.
Ready to find energy for the week? Here’s your weekly news roundup:
Mexico’s fourth long-term electricity auction will be postponed. Originally, the auction was scheduled to take place on Nov. 14, and now will take place on Dec. 18, so the new administration can execute it.
The two most important projects in the Mexican electricity history are left in hands of the next administration. The public tenders for the Baja California-National Interconnected System and the Ixtepec-Yautepec Transmission Line will take place in the 1Q19.
Off-taker giants thrive for a 90 percent of clean energy generation by 2019. FEMSA, Bimbo and Grupo Modelo are among the leading companies that are establishing sustainable business strategies.
CFE and PEMEX will be the leading protagonists of the Mexican carbon market. It is expected that the pilot program starts in 2019 and could last three years, the new administration is also interested in participating.
IEnova sign three agreements with Total, Mitsui and Tokyo Gas. The preliminary agreement will develop capacity for the first phase of Energía Costa Azul’s LNG project in Baja California.
Enel Green Power México starts the construction of a 220MW solar plant in Tlaxcala. Magdalena II will be located in the Tlaxco and Hueyotlipan municipalities.
Radiation alert prevents world’s biggest cobalt mine from selling the metal. Glencore stated export and sale of cobalt from the Kamoto project in the Democratic Republic of Congo would be suspended.
Elon Musk to be replaced as Tesla’s Board Chair. Robyn Denholm, CFO of telecommunications firm Telstra will replace Musk effective immediately.
California regulators approved a proposal to build the two largest battery systems in the world. Pacific Gas & Electric’s project will be the biggest example yet of battery plants replacing gas plants for grid reliability.
GE Hydro, a GE Renewable Energy division, unveils its new Director General. Pascal Radue used to direct GE Power Steam division in the Asian Pacific region.
Shell plans to invest between US$1-2 billion a year until 2020 to develop clean energy projects. The company is becoming one o the best examples of how oil and gas titans are diversifying asset portfolios and investing billions of dollars in clean energy technologies.
For more articles on Mexico’s energy industry, check out our blog!