On August 21 Energy Minister, Pedro Joaquín Coldwell, presented the Intelligent Electric Energy Networks Program, which will need an investment of MX$11.6 billion in the coming eight years. The program consists of 10 main projects to be established by CENACE. Coldwell also pointed out that for what is left of this year MX$14.6 billion will be directed for the extension and modernization of transmission and distribution lines in Mexico.
GE believes that storage of electricity in Mexico will be economically feasible by 2020 via big li-ion batteries. Rodrigo Salim, Digital Solutions chief assured that from 2012 to 2016 storage of energy costs dropped by half, and expects that by 2020 costs will drop another 20%.
Francisco Javier Orduño, Director General of Baja California’s Energy Commission, stated that Sumex has reached the Commission and showed interest in installing a manufacturing plant to produce combined cycles in the state. The Director General pointed out that starting October this year Sumex will be providing electric energy to several government buildings, among them schools, prisons and water pipelines.
With a total investment of MX$16 million the University of Guadalajara (UdeG) inaugurated its first solar farm in its Tonalá campus. The solar park will provide 90% of the energy consumed by the campus and will be used also to perform R&D activities.
Iberdrola revealed that it is one of the two companies to take part as buyer in the third long-term electric energy auction. Iberdrola presented an offer to buy 122.17MW of power and 526GWh of energy and CELs. Up to now it is still not revealed which is the second buying company that received a permit from CENACE.
The members of the Mexican Mining Chamber stated that they will invest up to US$27.5 million for the development of clean energy plants, making it the biggest-ever investment since the creation of the organization.
The Brazilian stock reached its six-year maximum as the government revealed its plans to privatize the electricity utility company Centrais Elétricas Brasileiras SA (Eletrobrás). Bovespa’s reference index gained 2.3% and exceeded the 70 thousand points threshold for the first time since 2011.
Global Solar Demand Monitor, a GTM Research report, expects that by 2022 will likely reach 871GW worldwide, 43GW more than wind installed by that same year and more than double today’s nuclear capacity.
Osram, one of the few players in the global lightning industry, bought Digital Lumens, a startup that develops platforms with networks of sensorial LED lighting. The acquisition is expected to strengthen Osram’s IoT portfolio.
The solar eclipse did not severely affect energy production and consumption, as it was thought. Although solar energy production in California decreased by 3.5GW from 9:00 to 10:30 and energy price spiked from US$25 to US$50 per MWh during that time, grid operators were ready and able to manage the drop while keeping the grid stable.
Sempra Energy bought Energy Future Holding, company that owns 80% of Oncor Electric Delivery Company (Oncor), for US$9.45 billion. This announcement comes days after Berkshire Hathaway Energy, owned by Warren Buffet, announced its plans to buy the utility for US$9 billion.
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