In Mexico, CONNUEE announces federal government savings derived from its energy efficiency program, CRE approves CENACE’s methodology to calculate the country’s interconnection financial guarantees, CCE’s president mentions how electricity tariffs should be less volatile and do not reflect inefficiencies in power generation. Meanwhile Engie plans for the future and Enel starts construction of Amistad II. In the US, Trumps goes for more import tariffs, while SunPower receives an extension for import tariffs and Germany launches the world’s first hydrogen-powered train.

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

 

NATIONAL

 

CONUEE Announced that Through its Energy Efficiency Program Applied to the Federal Public Administration, the Federal Government Reported Savings of Over MX$1.2 billion. The savings include efficiency measures in buildings, vehicle feet and industrial installations, which do not include assets from CFE or PEMEX.

CRE approved CENACE’s Methodology to Calculate the Interconnection Financial Guarantees for electricity generation facilities and for the connection of charge centers to the T&D grids. Meanwhile, Juan Pablo Castañón, President of the Corporate Coordinating Counsel (CCE), mentioned how the increase on electricity tariffs for the industry and commercial sectors has been constant and volatile. “The formula has to be worked out. It has to reflect production costs, which are variable due to the market. But at the same time, it should not reflect inefficiencies due to CFE or from alternative energy production sources,” he said.

 

 

Engie Aims to Present New Projects for the Upcoming Fourth Long-term Electricity Auction in Mexico. “We are looking at the possibility of presenting around 1GW,” mentioned Fernando Tovar, Director General of Engie México. Meanwhile, Enel Started the Construction of its Wind Farm Amistad II, with a Total Expected Capacity of 100MW and an Expected Investment of US$115 Million.

The Coordinating Council for the Energy Sector, headed by Pedro Joaquín Coldwell, Minister of Energy, announced its commitment to promote the participation of expert women in forums, events and publications.

According to Barclays’ Projections, CFE’s Fibra E Titles will have an Upturn of 35.2 Percent in the Coming 12 months. This due to the lower risks in the Mexican electricity industry due to the federal administration transition.

 

 

CFE’s subsidiary CFE Internacional will Participate as New Competitor in the International Market of Fuels and Electricity in the US. This, after the subsidiary got awarded with the permit by the Federal Energy Regulatory Commission.

Rengen Field Services was Born to Provide with Better Services and Specialized Attention in the Operation and Maintenance of Equipment of the Electricity and Petroleum Industries. The company is poised to become one of CFE’s main service suppliers.

The Constitutive Act for the Creation of Tamaulipas’ Energy Cluster was Signed. Its creation will allow the state to take better advantage of the opportunities that the Energy Reform is offering, both in terms of hydrocarbons and electricity.

 

INTERNATIONAL

 

Trump’s Administration Announced a 25 Percent Import Tariff on Chinese Inverters Starting Jan. 1, 2019. This is part of a long-awaited tariffs on US$200 billion in Chinese goods.

Germany Launched the World’s First Hydrogen-powered Train. The two first trains were produced by French company Alstom, and now operate on a 62 mile stretch in northern Germany.

SunPower Received an Exemption for Some of its Solar Cells and Panels Produced Overseas from Trump’s 30 Percent Import Tariffs. The company’s shares then went up 15 percent.

The European Investment Bank Approved US$1.4 Billion in Energy Financing for Wind and Solar Capacity in Spain.

US Department of Energy will Renew the Joint Center for Energy and Storage Research, which Focuses on Advancing Battery Science and Technology. The fund for the renewal totals US$24 million per year, for a total of US$120 million over the five-year renewal period.

 

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

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