Mexico

Riverstone allocated a CKD at the Bolsa Mexicana de Valores with a total value of MX$8 billion, out of which the first emission will be of MX$1.6 billion, and will be used for the development of renewable energy projects in the country. This comes two weeks after the third long-term electricity auction took place. To know more about it, visit our previous blog here.

The federal government granted environmental permits for two more renewable energy projects to be developed in the Bajío region, with a total expected investment of MX$5.4 billion. The first project is a solar park in Aguascalientes with an expected capacity of 132.6MWs peak, and the second one is a wind farm with a total peak capacity of 105MWs.

International

The Canadian government is investing US$7.5 million in two companies based in Toronto for the development of solar power and energy storage technologies. The first company works on reducing the amount of expensive material needed in solar panels, while the second one works on energy storage through compressed air and heat.

Israel unveiled its plans to add 1.6GWs of solar power capacity in the coming three years. The plan is based mostly in the development of rooftop projects.

SIEMENS Gamesa landed an order of 260MWs of turbines for Thailand. The order also includes the installation of the tallest turbine in Asia so far. The company has more good news as it also going to supply 950MWs of wind turbines for several offshore projects of Vattenfall in Denmark. The company is also going to work on the testing of its 8MW turbine under simulated real conditions for the grid at the Fraunhofer Institute. The tests will be done from Apr. 2018 until the end of the same year.

Shell plans to invest US$1 billion a year on its New Energies division by 2020. This investment will be mostly directed towards renewable energies and electric vehicles.

Germany announced that the maximum price for the onshore wind power auction to take place in 2018 will be of €60 per MWh. The increase from the original price of €50 per MWh was done to ensure that the tenders will attract enough bids.

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

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