As 1Q 2018 finishes, things are looking good for green technologies around the world. Vestas’ 8.8MW turbine was installed while GE deploys tools to manufacture its 12MW turbine design. The green bonds’ market issued US$25.8 billion globally and Apple is now 100 percent powered by renewables, while Sweden invested €10.2 million in the development of the country’s marine energy development program. In Mexico the Minister of Energy mentioned that the country is among the 10 most attractive for investment on renewable energies. A proof of that is MARERSA, a 100 percent Mexican company working towards the deployment of wave energy in Mexico. For an insight on MARERSA’s ambitions and accomplishments in the country, check out Mexico Energy Review’s interview of the week with Francisco Carrión, Director General of MARERSA.
Energized already? Here’s your weekly news roundup:
Pedro Joaquín Coldwell: Mexico, among the 10 most attractive countries for investment in renewable energies. The Minister also mentioned how the country is in the right way to reach its commitment of generating 43 percent of its electricity via clean sources.
JinkoSolar secures financing for its Jalisco-based 100MW PV plant Viborillas. This comes after Milbank mentioned in a press release how it advised a series of lenders to finance on how to finance Viborillas and another of JinkoSolar’s project located in Dominican Republic.
Renewable generation grew 16.7 percent year-on-year in 2017 in OECD countries, according to the IEA. This compared to the net electricity production, which grew 0.8 percent.
Apple is now powered by 100 percent renewable energy sources. This means that the amount of energy bought from renewable sources is equal to or even exceeds the energy it consumes for its global operations. This comes after Google made the same announcement last week.
Vattenfall deployed the world’s first 8.8MW turbine – produced by Vestas – at its European testing center off the coast of Scotland. Meanwhile, GE has developed new handling and manufacturing tools to support the roll-out of its 12MW turbine.
Lebanon issued a tender for three 100MW solar-plus-storage plants. The tenders require a minimum of 70MWh of storage for each project.
Swedish Energy Agency has invested €10.2 million in the development of the country’s marine energy development program. The program, launched spring 2017, will be implemented between 2018 and 2024.
US$25.8 billion of green bonds were issued during 1Q 2018. Of the 71 bonds 11 came from Sweden, 10 from China and 9 from the US.
Germany’s first mixed tender for onshore wind and solar was won by solar projects only, with an average successful bid of US$58 per MWh.
Shell published its Shell Energy Transition Report where it describes its understanding of the world’s energy transition and what it means for the company. Shell’s Ceo Ben van Beurden says: “Understanding what climate change means for our company is one of the biggest strategic questions on my mind today. In answering that question, we are determined to work with society and our customers. We will help and inform and encourage progress towards the aims of the Paris Agreement. And we intend to continue to provide strong returns for shareholders well into the future.”
For more articles on Mexico’s energy industry, check out our blog!