Iberdrola has big plans for its Mexican project portfolio. Bancomext will finance Atlas Renewables’ solar park in Hidalgo, while AMLO’s energy transition team has already settled 110 targets for its initial agenda. In the international scene, oil and gas companies go greener together with tech and social giants. California wants to go fully renewable by 2045 and in Switzerland’s Climeworks has set the first milestone to remove CO2 from the atmosphere.

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Iberdrola plans to install a total generation capacity of 10GW in Mexico by 2020. The company currently has 6.18GW of installed capacity in the country and is planning to start the development of the second phase of its PIER wind farm by 1Q19, adding 220MW to the already operating 60MW from the first phase.



Bancomext and Atlas Renewable announced their agreement to install a solar park in Hidalgo. The agreement will provide the Solar Guajiro project with US$88.5 million for the construction and a credit line of US$17 million for the VAT.

The incoming Ministry of Energy’s transition team has defined 110 targets, together with its initial agenda. This has been achieved with the close collaboration of the current administration, led by Pedro Joaquín Coldwell.

The results of the public auction for the construction and operation of the HVDC transmission line connecting Oaxaca to Morelos has been postponed for the fourth time. The result will be delivered on Oct. 19 according to official sources.

Queretaro created its Energy Cluster to boost the development of its energy industry. The cluster gathers 20 companies, three education institutes and eight research institutes.




Norway sets to unveil two sites for floating offshore wind plants later this year. The Norwegian Water Resources and Energy Directorate have already singled out four potential locations and aims to narrow the selection this fall.

Apple announced that all of its retail stores, data centers and corporate offices now run on 100 percent clean energy. The milestone includes facilities in 43 countries. Nine more of Apple’s suppliers have also pledged to power their production for Apple with 100 percent clean energy. Meanwhile, Facebook vowed to use 100 percent renewable energy by the end of 2020.

California passed a bill in favor to move the state to a 100 percent renewable energy generation by 2045. The bill also increases the state clean energy goal for 2030 from 50 to 60 percent.

ExxonMobil sent a request for proposals inviting solar or wind power suppliers to pitch contracts for 12, 15 or 20 years. Another oil giant, Equinor (formerly known as Statoil), plans to go greener as it aims to build a new floating wind far of 88MW to supply power to the Gullfaks and Snorre oil and gas fields in the North Sea.

Climeworks raised CHF$30.5 million in equity to remove CO2 from the atmosphere. This brings the company one step closer to its vision of capturing one percent of global CO2 emissions by 2025.



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

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