Good news for Mexico’s off-takers! Deacero becomes the first qualified user to operate without the representation of a qualified supplier in the Wholesale Electricity Market (WEM). In addition, Vitol starts the process to commercialize products such as energy, power and CELs in a private platform. THE GREEN EXPO reunited industry leaders last week, where the role of digitalization of the solar industry was discussed. You can find relevant discoveries here. Meanwhile, global investment in renewables is set to be tripled this decade, 18 newly approved oil and gas projects worth US$50 billion undermine the Paris Agreement goals.
According to CENACE, as of July 2019 the WEM had the participation of 89 generators, 42 qualified suppliers and 21 non-supplier commercializers. Currently there are no companies participating in the market without the representation of a qualified supplier.
In the past six years, solar capacity went from 30MW to 4,519MW. Technologies such as distributed generation, microgrids, smart meters, energy storage, AI and blockchain are part of this transition.
Through the mexicoelectrico.com platform, private players will be able to purchase and sell products such as energy, power, CELs and congestion coverage. The goal is to consolidate 3TWh contracts with a duration of 10 years.
CFE installed a strategic operation center in the region that includes 480 workers, 300 vehicles, 100 cranes and mobile generation plants.
London-based Carbon Tracker think tank report found that 18 newly approved oil and gas projects worth US$50 billion could be left “deep out of the money” in a lower carbon world.
The government will announce far-reaching steps for climate protection on Sept. 20. This includes details on the implementation of its coal exit, which states that by 2022 an estimated 12 hard coal plants would be shut down.
Global investment in new capacity for renewable energy is set to reach US$2.6 trillion by the end of this decade, more than triple the amount of the previous decade.
Cory Booker aims to reach a 100 percent clean energy economy by 2045. His plan calls for a new White House-coordinated “Environmental Justice Fund” that focuses on defending communities from environmental treats.