Mexico

IEnova reported that its EBITDA increased by 65 percent comparing its US$126 million during the third quarter of 2016 to the US$206 million of the third quarter of 2017. Meanwhile, net utilities decreased from US$660 million to US$127 million during the same periods.

The federal Commission for Economic Competitiveness (COFECE) announced the start of an investigation looking at two providers of electricity meters for CFE. This investigation started after a complaint was made to COFECE stating that two specific companies are simulating competition, while winning bidding rounds per turns.

SEMARNAT received during Oct., 2017, applications for environmental approval  for two solar and one wind project, accounting for a total of 598MW. In comparison, during Sept the agency received applications for environmental approval accounting for a total of 763.6MW.

Climathon CDMX 2017 took place on Oct 27 and 28. Eco-Work and Tapechtli won recognition for their business and emission reductions impact potential. Eco-Work is an idea to create co-working spaces among already established companies, and Tapechtli re-use wheels to produce yoga mats.

El Economista published an interesting infographic about green bonds in Mexico. Check it out here.

 

International

Vattenfall has decided to invest more than EUR200 million t repower its current wind turbines in the Wieringermeer wind farm to a total capacity of 180MW and expand it by another 115MW. This is the largest wind investment to date for Vattenfall in the Netherlands.

Statoil signed an agreement to acquire a 40 percent share in Apodi, a 162MW construction ready solar asset in Brazil. In addition, Statoil will also acquire a 50% share of the project’s execution.

ENGIE and Fenix announced that they have agreed on a transaction in which ENGIE, the French giant, will acquire Fenix International, a solar home systems provider in Africa. This makes Fenix the first solar home system company to join a major worldwide energy company.

European OPEX costs for wind offshore projects are expected to fall by 40 percent by 2030 due to innovations in the supply chain, with the biggest impact of this slash going for deep water areas. Meanwhile, a forthcoming study submitted for application in the aquatic sciences journal Hydrobiologia is expected to add evidence on the long-term beneficial effects offshore wind farms have on sea life.

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

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