Mexico

Rotoplas announced, on June 25, its interest in becoming the first company to emit a sustainable bond in the Mexican and Latin American markets. Nevertheless, just one day after this announcement analysts warned of the risky bond, stating that it has not enough warranties.

On the same day, it was announced that 21 executives of 15 different US nuclear energy generation companies met with SENER representatives, during a visit to Laguna Verde with the objective of analyzing expanding the complex’s generation capacity. This visit came just after Bloomberg´s division of New Energy Finance reported that nuclear energy is going through hard times in the US, as 34 out of the 61 plants have been losing money, and five have closed in the last five years. Supporting Mexico’s capability to expand its nuclear capacity, William Magwood, general director of the Nuclear Energy Agency, stated, on June 27, that  it is completely viable to construct a second nuclear plant in Mexico.

Photo source: Mutec

On June 29, CFE emitted a debt of MX$8 billion in the local market. Of that amount, MX$7 billion are a long-term (10-year) emission taxable via international systems such as Euroclear and Clearstream, while the other MX$1 billion has variable rate for a short-term of 3-years period.

Meanwhile, on June 30 CFE’s president presented the Baja California-National Electric Systems Interconnection project which consists of a 1,308km subsea DC cable, requiring an investment of US$1 billion. This interconnection project substitutes and cancels the tender of natural gas transportation system in Baja California Sur.

On July 1, CFE announced the new electric tariffs for July. Low domestic consumption tariffs will remain the same as June the entire month. On the other hand, DAC, industrial and commercial tariffs will decrease 0.2, between 0.7 and 0.3, and between 0.4 and 0.2 percent, respectively.

International

Although Germany’s renewable energy consumption increased during the first half of 2017 as compared to the first half of 2016 in all of its consumption sectors, meaning electricity, heating and transportation, it did so just by a small fraction, going from 14.8 to 15.2 percent. Considering this minimal increase, the managing director of the German Renewable Energy Federation stated that Germany’s energy transition has been too slow, and that without a bigger commitment, Germany may not reach its goals stated in the Paris Agreement.

Meanwhile, the UK generated 24.8 TWh of clean energy during the  first quarter  of 2017, a record amount accounting for more than 26 percent of the total country generation.

On this website, an amazing map showing the total energy consumption coming from renewables can be found. The map is based on information coming from the Sustainable Energy database from all the countries.

 

Percentage of total energy consumption coming from renewables. Photo source: Indy100

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

 

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