Mexico

Montserrat Ramiro, commissioner at CRE, was designated by OCDE as the president of the Network of Economic Regulators for the 2018 period.

CFE announced its intentions to allocate its first FibraE with a total value of MX$17.6 billion on Feb. 7. This announcement comes almost one month after the company made its first official announcement.

The Spain based Uriel Renewables revealed before authorities from Chihuahua its plan to construct the San Jeronimo Solar PV park in an area of 250 hectares. The project is scheduled to become operational in 2019.

International

Trump’s administration issued, on Jan. 22, a 30 percent solar panel import tariff plan. The tariff will decrease over a four-year period, reaching a final 15 percent. This tariff is expected to take effect on Feb. 7. According to GTM Research, the measure will decrease the number of installations by 11 percent during the period of 2018 to 2022, from a previously expected 68.9GW to now 61.3GW after factoring the tax increase.

Siemens Gamesa Renewable Energy announced it has secured orders to supply and install 326MW of wind parks in India. The order consist of 26 wind farms and are scheduled for commissioning by March 2018.

Ørsted started the construction of the world’s largest offshore wind farm, with a total capacity to be installed of 1.2GW in UK waters.

Five companies joined to construct a PV park with a total capacity of 480MW in the island of Ukujima, in Japan. The construction is expected to start before March 2019.

PPC Renewables, a subsidiary of the Greek utility PPC SA, announced the signature of a pact for the development of a waste-to-power plant and geothermal facility in Santorini. The tender for the project will take place next year, and the project is expected to become operational in 2021.

Venture Capital for battery storage companies during 2017 accounted for US$714 million, almost doubling the 2016 value of US$365 million, according to Mercom Capital Group.

The German company Innogy placed a €1 billion green bond to refinance maturing liabilities and finance general corporate purposes. The bond matures in 11 and a half years and bears an annual coupon of 1.5 percent.

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

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