MORENA plans to install CRE and CNH into the Ministry of Energy’s spectrum, while BANXICO is worried about energy prices and their effect on the country’s inflation rate. At the international level, BMW and Tesla want to develop more batteries, UK is closer to get an offshore wind farm and Wood Mackenzie sees an “Age of Renewables” coming soon.

-Want to find your optimal energy source? Here’s your weekly news roundup:

 

NATIONAL

BANXICO’s board expressed, during its latest monetary policy meeting, its concern regarding the pressure that the increase in energy prices has created in Mexico’s inflation rate.

MORENA’s parliamentary group in the Deputies Chamber presented an Organic Law Proposal for the Public Federal Administration. The proposal aims for regulatory bodies CNH and CRE to become part of the Ministry of Energy, as stated by the document, “the regulatory bodies for energy matters referred in paragraph eight of the Constitutional Article 28 will be sectorized in the Ministry of Energy.”

 

 

INTERNATIONAL

BMW Group, Northvolt and Umicore formed a joint technology consortium to develop a sustainable value chain for battery cells. The cells will be used for electrified vehicles in Europe.

SottishPower, Iberdrola’s subsidiary, will become UK’s first vertically integrated power company to sell wind power. This after its closed the selling of 2.6GW of fossil-fuel and hydro capacity to Drax.

 

 

Tesla secured the rights of 210 acres in Liangang, Shanghai, for its next Gigafactory. Gigafactory 3 will enable Tesla to lower manufacturing and labor expenses while educing shipping costs and times to the Asian market.

Wood Mackenzie’s latest report sees a switch to an “Age of Renewables” by 2035.  Thinking global energy transitions: The what, if, how and when sees the sustainability tipping point – when the world shifts from the age of oil and gas to the age of renewables – will arrive in less than 18 years.

EDP received a US$60 million loan from the European Investment Bank for its 25MW WindFloat offshore wind project. The wind farm will be located 20km off the coast of Viana de Castelo, northern Portugal.

 

 

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

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