Mexico

On July 17, the Student Energy Summit 2017 took place in Mérida. This initiative started in 2008 in Canada and its objective is to empower students to generate a positive impact in their communities through renewables.

Vestas will invest MX$1.5 billion on manufacturing facilities to produce blades in Tamaulipas. The factory, to be installed in Matamoros, will have two production lines. It is expected that the factory could have between eight and 10 production lines by 2022.

On July 18,  FIDE announced that during the first half of 2017 it financed 1,780 distributed generation projects for companies and residential self-consumption.

Mexico Oil & Gas Summit 2017 took place on July 18-19 at the Sheraton Maria Isabel, in Mexico City. During the Summit the main decision makers of Mexico’s oil & gas industry gathered to discuss Mexico’s energy future. Get to know the highlights of the event.

Ivan Sandrea from Sierra O&G. Photo taken from: MOGS 2017

Ivan Sandrea from Sierra O&G. Photo taken from: MOGS 2017

NAFIN emitted the first social bond in the BMV for MX$4 billion  five-years period. The offer made on July 19 had an excess demand of MX$13.373 billion, proving the interest for this kind of vehicle. The vehicle received AAA qualification by S&P, Moody’s, Fitch, DBRS and HR. Also on July 19, S&P reviewed the debt qualification for PEMEX and CFE, and changed it to “Stable” status.

Image taken from: NAFIN

Image taken from: NAFIN

International

The Australian Clean Energy Summit 2017 held on July 18-19 was a success. During the summit leaders of the public and private sectors discussed the energy system status quo and its future. The Australian Greens’ leader, Richard Di Natale said “The energy revolution is reversing the relationship of power. People are taking back control.” The Victorian Minister for Energy, Environment and Climate, Lily D’Ambrosio, said “It is critical that we have a grid and energy system that are what people want them to be – clean, reliable and affordable.” Jérôme Pécresse from GE Renewable Energy stated “Renewable energy is mainstream. It’s disrupting traditional customer models and will continue to become cheaper.”

On July 19, ATLAS Renewable inaugurated Chile’s first big-scale solar photovoltaic plant in Quilapilún. The 110MW project is connected to Chile’s main grid to provide energy for the country’s capital.

Siemens-Gamesa announced on July 20 its intentions to close its blade manufacturing facilities located in Ontario by 2018, where 340 people work. This decision comes as the demand and price for blades has gone down in Canada’s east side, as well as due to fiscal uncertainty from the US.

The German utility EWE announced its plans to build a battery big enough to power a city the size of Berlin for an hour using REDOX technology. The project will involve filling two salt caverns with brine to produce a REDOX flow battery with a capacity of 120MW and 700MWh. The German utility already has experience using salt caverns for natural-gas storage, and expects to have the battery ready for the market by 2023.

FLUENCE, the biggest energy storage company in the world, will be born on 2017’s third quarter. The company will be a creation of the German Siemens AG and the American AES Corporation, after all the proper regulatory approvals have been done.

Fluence. Photo taken from: Siemens

FLUENCE. Photo taken from: Siemens

 

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

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