Julian Willenbrock, CEO of Enlight, stated that as of November 2017, 160,000 households had already installed solar panels, bringing reduction in their monthly costs of up to 95 percent. He also mentioned a reduction in costs of 70 percent from 2012 until now.
Meanwhile, María Ricalde, Director of Galt Energy Mexico, the Monterrey based PV installer, pointed out to the big potential Mexico City has on the area of PV installations, and mentioned that the company is looking to have a big “share of the cake” in the city. She also mentioned that a typical PV installation in Mexico City could cost up to MX$70,000.
Ramez Naam, professor at Singularity University and writer, pointed out to the big solar potential Mexico has, “Mexico is the sunniest country in the American continent.” He also called for a cultural change in both the public and private sector to turn Mexico into a solar powerhouse.
Gas Natural Fenosa emitted €800 million in green bonds at the BMV to financially restructure itself. The debt will have a validity of up to 2025 and will offer a 0.875 percent interest.
HSBC Bank pledged to mobilize US$100 billion in sustainable financing and investment to support a global economy based in low carbon and green growth. The announcement took place on November 6, the same day the COP23 was being inaugurated.
Global clean energy investment fell US$287.5 billion in 2016, or 18 percent compared to 2015’s investment. This was reported by a new research from Bloomber New Energy Finance.
Germen Arce Zapata, Colombia’s Minister of Mines and Energy, announced that Colombia will hold its first large-scale renewable energy auction before the current government term ends. The auction should take place by May 27, 2018.
The European Investment Bank is providing US$100 million as a loan to Nacional Financiera (NAFIN), which will be used to support wind farm projects in Mexico.
EDF Energies Nouvelles announced the commission of eight renewable projects in India, with a combined capacity of 251MW. The combined capacity consists of five wind parks and three solar power stations.
A 477 page report from the US Government states that global temperature increased by 1ºC since the pre-industrial area, and the 115 years comprise the warmest period “in the history of modern civilization.” It also warns that temperatures could increase by 4ºC by the end of the century.
French energy group Engie announced its intentions to create a new entity that will focus on the development of renewable hydrogen. The company also unveiled a renewable hydrogen and biogas supply partnership with Total SA.
For more articles on Mexico’s energy industry, check out our blog!