Mexico               

On Oct 31 the European Investment Bank loaned NAFIN US$100 million to boost the development of renewable energy projects. NAFIN will use the resources to finance private wind projects, among them, two located in Coahuila and Zacatecas of 200MW and 130MW, respectively.

On Nov 2, Nissan Mexicana celebrated the manufacturing of one million vehicles using renewable energies in its Aguascalientes A1 facility. By having 59 percent of renewable energies in its consumption matrix since 2012, the plant has avoided the emission of over 300 thousand tons of CO2.

SEMARNAT received, during the last week of October, 454.5MWs of solar projects for environmental approval. According to the agency’s weekly bulletin, the combined capacity comes from two large-scale PV projects, one of 153MWs in Coahuila, and the other of 301.5 MWs in Jalisco.

CFE registered a net profit of MX$6,864 million during the first nine months of 2017. This was achieved regardless of a negative third quarter in 2017 where a loss of MX$2,352 million was reported. Compared to the third quarter of 2016, which was of MX$6,898 million, this year the loss was lower.

CFE also reported the new electric tariffs for November 2017. While the residential low consumption tariffs will remain without change, the industrial ones will increase by 2.6 to 3.5 percent, the commercial ones will also increase by 1.5 to 2.4 percent, and the residential high consumption (DAC) ones will increase by 1.5 percent, all of them compared to tariff costs from October 2017.

International

On Oct 30, the shareholders of Dong Energy approved the name change of the company. Dong Energy will therefore disappear and become Ørsted, focusing now on wind energy.

Siemens Gamesa has unveiled a 784MW of wind turbines supply order for five projects in the US. The order to the recently merged company consists of 310 turbines.

In Europe the RE-Source Platform was established on Oct 31. This platform was developed to help both renewable energy buyers and sellers to meet the necessary resources and coordinate activities to promote a better policy framework for renewable energy sourcing, at both EU and national levels.

Microsoft announced that it will purchase 100 percent of the wind energy generated by the Vattenfall’s Wieringermeer Polder. The 180MW wind farm is adjacent to Microsoft’s local datacenter operations in the Netherlands. Vattenfall also announced that it will expand its UK business by establishing network operations in the country under the name of Vattenfall Networks LTD.  

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

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