Mexico

While on Sept. 24 CFE informed that the states affected by the quakes of Sept. 7 and 19 represent 51 percent of the energy consumed, on Sept. 27 CFE informed on a press release that as of that date the whole Mexican grid was working under normal conditions. On the same press release CFE alerted of false information on social media talking about the possibility of future energy cuts as a result of those two quakes.

On Sept. 30 CFE published the newest electric tariffs to be valid during October. On the press release it is stated that low consumption residential will not change according to last month’s tariff. Meanwhile, industrial, commercial and DAC tariffs will have increases of between 1 and 1.4 percent, 0.6 and 1 percent, and 0.6 percent, respectively

Iberdrola announced its intention of installing over 10.2GW with an investment of US$1.7 billion by 2020. This would mean that by that year the Spanish company would be producing more energy in Mexico than in Spain.

S&P Global Platts Mexico Energy informed that during Aug. 2017 LNG importations from the US diminished by 32 percent, compared to the previous month. It also informed that LNG importations increased by 25 percent on Aug. 2017 compared to Aug. 2016.

 

International

After leaving “apocalyptic devastation” in the island’s infrastructure and electricity grid, Puerto Rico’s renewable energy advocates call for an increase in investment on renewable and standalone systems to avoid a situation like this in the future.

ABB is acquiring GE Industrial Solutions with a purchase price of US$2.6 billion to strengthen ABB’s #2 global position in electrification.

WindEurope published in its latest report that, after a likely record year in 2017 for wind installations growth of wind projects in Europe (14GW) is expected to continue at 12.6GW average per year during the following four years, of which offshore will represent a quarter of the installations. At this rate, wind energy is expected to surpass the 200GW of installed capacity milestone in Europe by 2020.

Over 700 leaders reunited in the Sustainable Development Impact Summit 2017 that took place in New York to deliver on the ambitions of the Sustainable Development Goals and the Paris Climate Agreement. Among the most important outcomes there are initiatives such as the Fourth Industrial Revolution for the Earth, Fourth Sector Development Initiative, Global Alliance on Closing the Gender Gap and the Disaster Risk Innovation Fund.

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

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