Mexico

On July 3 was announced that Generadora Fénix, an association between the Mexican Electrician’s Union and Mota-Engil, would be the seller of the energy produced with the leachate coming from Bordo Poniente. The total of the energy will be sold to Mexico City for public lightning at MX$2.1 per kW/h.

OECD reported that inflation in Mexico’s energy prices showed the highest annual growth rate among its members during May 2017, accounting for 16 percent. In comparison, the average annual growth rate during that month was of 5.6 percent.

Photo taken from: OECD

On July 5, Thermion Energy announced its  plans to invest almost US$2 billion through CKDs*,  in 10 different energy projects for the following 5 years. It is expected that the investment will cover the installation of approximately 1.2 GWs.

 

International

Brazil’s government is looking to implement major changes in its energy legal framework. The creation of a new reform plan was announced on July 5, but it still has to be discussed with investment parties.

Good news are coming from the US, as for the first time since 1984 renewable energy generation outpaced  nuclear.  Research analysts at Morgan Stanley expect that renewable energies will become the cheapest option for new power generation in the world by 2020, and that these prices will drive to greener investment, regardless any public policy that fights the country’s renewable development at that time. Texas based startup Apex-CAES is looking to use compressed air in  caverns to store energy produced overnight by wind parks, and is raising US$500 million to build its first facility.

Photo taken from: Apex-CAES

Dandelion, Google’s start-up for the development of geothermal energy, was just revealed, after raising US$2 million from seed-stage capital funds.

Australia announced its plans to add the world’s biggest Li-ion battery to its grid. The 100MW/129MWh battery will be produced by Tesla.

Viral artist conceptual rendering of the Panda Green Energy solar plant, taken from: Telegraph

China revealed the cutest solar farm in the world. The panda shaped farm has a 50MW capacity, and although many webpages have shared an artist’s conceptual rendering of the plant, following we show an actual photo of the plant.

Real photo of the Panda Green Energy solar plant, taken from: Vox

*CKDs or Capital Development Certificates are fiduciary titles for to the financing of projects that develop Mexico’s infrastructure.

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

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