Mexico

A new organic statute got published in the DOF (Official Journal of the Federation), providing CFE Distribución with a legal personality and own capital as an EPS (Subsidiary Productive Enterprise).

The Sustainable Development Special Commission of the Mexican Chamber of Deputies proposed to modify Mexico’s Income Tax Law for physical individuals, allowing them to deduct the costs related to the installation of renewable energy generation equipment.

International

Brazil reached a 80.4 percent share of renewables in its power mix during 2016, making it the country with the highest share of renewables in the BRICS (Brazil, Russia, India, China and South Africa) group. Meanwhile, the average on the group lays on 13.1 percent.

Wind turbines supplied 43.5 percent of Denmark’s energy demand (a total of 14,700GWh) during 2017, according to the Danish Energy Association.

Andrew Cuomo, NY’s governor, announced the state’s interest on installing offshore wind farms. The state will therefore hold two requests for proposals in 2018 and 2019 to procure at least 800MW of offshore wind. These solicitations are the first stone on reaching the state´s objective of having 2.4GW of offshore wind capacity by 2030.

Copenhagen Infrastructure Partners (CIP) began commercial operations of 352MW of wind power in Texas. The total project represented a cost of US$186 million.

According to a report published by the All-Party Parliamentary Group and the U.K. Renewable Energy Association on energy storage, U.K. has the potential to install 12GW of battery storage by 2021, given the right government policies are put in place.

The German renewable energy institute IWR announced that Germany’s wind turbines reached an output of 100TWh during 2017.

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

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