Mexico

The Ministry of Energy handed to CRE (Energy Regulatory Commission) the first set of rules for the energy market. As the rules have been delivered, it is now CRE who will evaluate and determine modification and updating needs on such set of rules.

Villanueva 3 has become the first project from the 2015 long-term electricity auction to start operations. The PV park, which belongs to Enel, started operation on Dec. 18, with a total capacity of 250MW and nine months before the originally programmed date.

CFE announced its intentions to allocate a Fibra E (Energy and Infrastructure Investment Trust) in the BMV (Mexican Stock Exchange). The company did not disclose the amount nor the date on which the offer for the trust will be published, but mentioned that the gathered amount will be used to revamp and expand the country’s transmission grid.

The company Generación Enersi started, once again, the environmental arrangements to construct a hydroelectric plant in Oaxaca. The approximated investment for the development of the project is of US$350 million.

International

The EU announced its position on a directive to promote the use of renewable energies in the continent. The directive states that the EU should reach a minimum of 27 percent of renewable energies on its overall energy consumption by 2030. To see a Clean Energy for Europeans Infographic click here.

The European Investment Bank granted a €15 million to Oxford Photovoltaics Germany GmbH under the InnovFin Energy Demonstration Projects scheme. The grant will be used to bring from the lab to the market a disruptive technology for photovoltaics using perovskite. It is expected that the technology will increase photovoltaic cells’ electricity production efficiencies well beyond those provided by current technologies in the market.

According to official figures, between July and Sep. 54.4 percent of the UK’s electricity came from nuclear and renewables. According to the Office for National Statistics, this was driven mostly by the rapid growth of solar and wind power technologies.

BP has taken a 43 percent stake in Europe’s biggest solar developer, Lightsource Renewable Energy, through a three-year investment of US$200 million. This comes six years after BP exited the solar business.

Siemens Gamesa began building a 30MWh thermal energy storage system. The system, consisting of 1,000 tons of rock to be heated up to 600 degrees Celsius when there is a surplus of power in the grid, is expected to come on-line in early 2019.

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

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