On Jan. 18, 2018, Mexico officially joined the International Energy Agency (IEA), becoming the 30th member and the first from Latin America. According to the IEA, Mexico’s membership is a cornerstone on the ongoing modernization strategy and commitment with emerging economies. Both Joaquín Coldwell, Mexico’s Minister of Energy, and Faith Birol, IEA’s Executive Director, mentioned the importance of Mexico’s inclusion to the organization.
CRE, CNH and ASEA presented the 2018-2022 Strategic Plan and inaugurated an Energy Sector Coordinated Office (ODAC) inside of each regulatory body to offer a better service and guidance to anyone interested in receiving the service of more than one regulator. To get to know more about ODAC, click here.
CFE published its 2018-2022 Business Plan. On it, past achievements are outlined, together with future ambitions of the productive enterprise of the State. Among its plans can be highlighted the assignation of MX$327 billion as maximum capital to be invested for priority projects during the 2018-2022 period.
Mexico inaugurated the first stage of the “Wind Mexican Atlas”, coordinated by the National Institute of Electricity and Clean Energies, the Ministry of Energy, CFE and UNAM. With an investment of MX$34.6 million the project will consolidate and analyze wind information for the benefit of the planning of wind farm projects.
According to Coahuila’s government, Eosol’s La Trinidad I PV plant will be connected to the national grid by Dec. 15, 2018. The 108MW solar project requires an investment of MX$1.77 billion. The state has also placed the first rock on the construction of its Renewable Energies Innovation Center.
Mexico Energy Forum, the most important energy forum in Mexico where decision makers from the entire energy value chain gather to make business, took place on Feb. 21. To get to know the highlights of each panel and presentation, take a look at our blog.
GTM’s Solar Summit in Mexico City took place on Feb. 13 and 14. To get the insights, like analyzes of the record-braking prices achieved during the long-term electricity auctions and of Mexico’s state on energy storage for grid stability, click here.
Germany announced the start of the first tender in which both onshore wind and solar will compete to offer the lowest price of electricity. The tender is expected to award 200MW with a deadline for bidding on Apr. 3, 2018. The bidding cap will be US$0.11 per kWh. Meanwhile, the 200MW solar tender launched on Dec. 2017 was won by 24 projects with an average price of US$0.054 per kWh, and the wind onshore tender launched in the same month awarded 709MW through 83 projects in total for an average bid of US$0.046 per kWh.
German energy company E.on started building a 57MW onshore wind farm in Italy.
Kenya’s state-owned power producer KenGen is looking to add 1,745MW of geothermal power capacity by 2025.
The South Korea state owned Kepco picked GE to build a 4GW HVDC transmission line from the east of the country to Seoul through a US$320 million contract, in an effort to strengthen South Korea’s grid in preparation for a major boost in renewable energy generation.
AES and Kauaʻi Island Utility Cooperative held an agreement to start a 28MW solar + 100MWh storage project to provide 11 percent of Kauaʻi’s electric generation at US$0.11 per kWh.
British renewable electricity generation increased by 27 percent in 2017 compared to 2016, reaching a total of 96TWh. Biomass, hydro, wind and solar provided 25 percent of the grid’s electricity in 2017.
Iberdrola announced its intentions to spend €11.5 billion on renewables during the 2018-2022 period. The investment is expected to expand the company’s renewable capacity by 24 percent and storage capacity by 25 percent, reaching 36.2GW and 80GWh, respectively.
BP’s latest Energy Outlook for 2040 expect that, by that year, renewables will increase five-fold globally to provide 14 percent of primary energy. It also expects that 15 percent of car park will be electric. To get the report, click here. To see the webinar, click here.
Powerhose, a UK-based waste-to-energy firm, signed a non-binding memorandum of understanding with Wrightbus that could see the former produce hydrogen from waste plastic and used tires to fuel buses of the latter.
Enel, the German wind energy ENERTRAG and Leclanché will build a 22MW storage plant in Germany to provide with grid stabilization services through primary frequency regulation, with an investment of €17 million. The first 2MW section is expected to be operational by Apr. 2018 and the entire plant by the end of the year.
British developer Global OTEC Resources launched a crowdfunding campaign looking to raise US$700 thousand to finish its ocean thermal energy conversion projects for resorts across the tropics.
For more articles on Mexico’s energy industry, check out our blog!