Mexico

On Feb. 6, ACCIONA Energía started the construction of its 404MW PV park in Sonora, this project will be developed in a 50/50 joint venture between ACCIONA and Tuto Energy Trading. The project consists of 1.28 million polycrystalline silicon panels, and its completion is expected by early 2019.

CFE emitted its first Fibra E (Energy and Infrastructure Investment Trust) specialized in the Mexican electricity sector, for a total value of MX$16.4 billion. The instrument gathered a demand of over MX$25 billion from international investments, as well as of private banking from Mexico, the US, Canada, Latin America and Australia.

Furthermore, CFE’s first Fibra E resisted a strong drop in the Mexican Stock Exchange index (BMV), which lost 2.8 percent, by going through a negative variation of only 0.11 percent.

The Ministry of Energy launched the third edition of its PRODETES award (Sustainable Energy Technologies Development Project). The prize is aimed for higher education centers, research institutes, the private sector and entrepreneurs who are looking to develop and commercialize clean energy projects by offering up to US$2 million, US$500 thousand and US$250 thousand for the winners of the Gold, Silver and Bronze categories.

International

Clean Targets

The European Parliament presented a proposal to have a 35 percent clean power target for 2030, an 8 points increase from the original 27 percent. This proposal has to be accepted by the Council of the European Union. Meanwhile, offshore wind in Europe grew 25 percent in 2017 (3.5GW), according to statistics released by WindEurope. Its total wind offshore capacity is now 15.8GW. Germany and the UK accounted for the biggest increase, as they installed 1.7 and 1.3GW, respectively. On its side, France brought 2.8GW of renewable power plants online, mainly in the form of wind and solar projects during 2017, allowing the country to reach a total installed renewable capacity of 48.68GW.

Wind

In more good news for wind, Vestas introduced new anti-icing systems and ice assessment tools for wind turbines. This is expected to boost the business cases of wind farms located in cold climates by increasing the farms’ annual energy production.

Ørsted secured environmental approval from Taiwan’s authorities for four offshore wind projects, with a total expected capacity of 2.4GW, and expects to start building the first of them by early 2019.

New technologies

Gas Natural Fenosa and Endesa launched their first gas sale-purchase transaction via blockchain. The transaction involved 5.95GWh of energy. This comes one week after Statkraft and ESFORIN became the first companies in the world to trade 1MWh of electricity through blockchain.

Bilfinger announced that it has won an order for the construction of a heat storage system with reconversion for Siemens Gamesa. The systems is expected to store surplus energy coming from wind and solar production.

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

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