Mexico

Guillermo García Alcocer, CRE’s president commissioner, trusts that the investment that has been already implemented in Mexico, ascending to approximately US$219 billion, will make it harder to revert the energy markets that surged because of the energy reform, no matter the results that may come with the elections or the NAFTA renegotiation coming in 2018.

As the implementation of green bonds in Mexico’s market starts taking shape, companies such as Carbon Trust and Mexico2 pointed out the need of creating more sustainable tools in the markets such as a price for carbon emissions, as well as green CKDs and Fibras, respectively.

Mexico increased its electric energy sales by 26.4% during the first half of 2017, with a value of MX$175,221.8 million, reported INEGI and CFE. A quarter of the Mexican states, namely Mexico State, Mexico City, Nuevo León, Jalisco, Guanajuato, Chihuahua, Veracruz and Coahuila, represented 50% of the sales. Meanwhile, CFE reported utilities of only MX$2,452 million during the first half of 2017, a strong decrease compared to the MX$127,065 reported during the same period of 2016.

Tamaulipas will start building its first bioethanol plant with a production capacity of 350 thousand liters per day. The project requires an investment MX$1,847 million.

International

China is interested in becoming a world leader in nuclear energy by creating a nuclear innovation hub in five years located in Shanghai. The R&D facilities will look for manufacturing solutions for fourth-generation reactors, marine nuclear platforms and special nuclear materials.

Although the creation of a utility-scale 100MW, 129MWh battery project in Australia by Tesla has brought world attention, Dr. Jill Cainey, global applications director for energy storage at S&C Electric in Melbourne, and other experts have stated that the project has no business case and therefore the possibility of making money is still a mystery.

First two pilot floating PV projects. Photo taken from SEAC

First two pilot floating PV projects. Photo taken from SEAC

After China finished the world’s largest floating PV plant located over a flooded former coal-mining region, Netherlands inaugurated two of four pilot floating PV projects to demonstrate the feasibility of floating solar in rough water conditions.

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

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