Mexico

Investment

CFE published the bases for the HVDC transmission line tender to connect Ixtepec with the country’s central area. For the 3GW transmission project an estimated investment of US$1.7 billion is expected, with a tentative operational start in 2021.

CFE has also emitted a bond in the Taiwanese Formosa stock exchange (TPEx) with a total value of US$727 million and a 30-year term.

After CFE emitted its first Fibra E last week, the Retirement Savings’ System National Commission (CONSAR) announced that eight of the 11 Institutions for the Retirement Savings, or AFORES, that operate in Mexico invested a total amount of MX$9.78 billion, or 59.7 percent of the total value.

Natural Gas

According to BANXICO, natural gas importations broke records during 2017 as they totaled US$6.16 billion.

International

Renewables

EnBW, the German utility, acquired 37.5 percent stake in each of three offshore wind projects in Taiwan, marking the first step of the company to grow in international markets.

Japanese PV project developer Renova announced it will start the construction of a 19.2MW solar power plant in the Tochigi prefecture. It expects the plant to be up and ready to run by May 2019.

Ørsted announced it offered Siemens Gamesa Renewable Energy exclusivity for the supply and service of the 1.38GW Hornsea Project Two offshore wind farm in British waters.

Clean Energy Targets

Europe installed 15.7GW of additional wind capacity during 2017, of which 12.5GW were onshore and 3.2GW were offshore, reaching a total net installed capacity of 169GW.

The Canarian island El Hierro was powered entirely through renewable sources for 18 consecutive days thanks to the Gorona del Viendo hydropower plant, which also includes five wind turbines.

Trump’s administration budget proposal for fiscal 2019 calls for slashing spending on energy efficiency and renewable energy programs at the Department of Energy by US$1.9 billion respect to the 2017’s, reaching US$696 million.

New technologies

Panasonic and Enphase announced their strategic partnership to work in the development of high efficiency AC modules.

Dubai Electricity and Water Authority and Siemens signed a Memorandum of Understanding to start a pilot project to build the region’s first solar-driven hydrogen electrolysis facility.

A UK based consortium led by the blockchain technology developer Electron aims to start testing a project for bilateral trading in the first half of 2018. Some of the major members interested in the project are Statkraft, Shell, and EDF EN, among others.

In an article published by the World Economic Forum, the institution supports the need of creating an Internet of Energy to reach decarbonization and decentralization.

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

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