Mexico

AES sees ‘aggressive’ gas competition in CentAm, Caribbean

The large presence of LNG terminals in Central America and the Caribbean has led to a large availability of natural gas and very aggressive competition, according to Freddy Obando from AES. The US company’s chief commercial officer for Mexico, Central America and the Caribbean made the comment during a virtual forum on the future of gas […]

A new energy sector emerges in the LAC region

A growing number of countries in Latin America and the Caribbean are gearing up to produce clean hydrogen, driven by their abundant renewable energy resources, the need to decarbonize their economies, and the huge potential for hydrogen exports. Just how far along is the region’s nascent hydrogen sector? A new Hydrogen Economy Index found a […]

Threatened Caribbean coral reefs get a new ally: the insurance industry

As climate change threatens coral reefs around the world, conservation experts in Latin America have enlisted an unlikely ally to try to preserve them: the insurance industry.   Source

Mexico plans to develop electrolyzers locally to boost hydrogen in the region

The National Institute of Electricity and Clean Energy (INEEL) announced it is turning to hydrogen generation as a priority of the their clean energy transition to promote this type of technology in the country. INEEL is particularly interested in the application of hydrogen to generate electricity. Currently, they are focused on a project with the […]

CIFI and Banverde close $57M credit for a rooftop solar facility in Mexico; increases capital raise to $76M

The investment round was led by Corporacion Financiera para el Financiamiento de Infraestructura (CIFI), with capital contributions from co-sponsors WRB Serra Partners and Banverde Activos, leading to a total deployment capacity of US$76 million in the next 3 years. As a result of the financing, Banverde estimates the installation of 80 MW in rooftop solar […]

Latin American and Caribbean countries use volcanic landscapes to tap geothermal energy

Geothermal, a renewable energy source that involves drilling for hot steam deep underground, currently provides less than 1% of the world’s energy. It’s a resource that could theoretically be accessible everywhere on the planet. Advocates are particularly interested in increasing its footprint in developing countries, such as Latin America and the Caribbean, to help boost […]

Private roundtable on US-Mexico energy cooperation

US-Mexico energy trade and cross-border investments are vital elements of the oil and gas and power industries in both countries, a reality recognized and protected by the US-Mexico-Canada Agreement. The meeting sought to explore strategies for the new US administration to productively engage with the Mexican government to bolster the North American energy industry, heighten […]

Mexico seeking to join Latin American peers in hydrogen push

As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the race. Hydrogen was singled out for the first time in Mexican Energy Ministry Sener’s Proseden national development plan earlier this year as a potential future replacement for fossil fuels in power plants operated by Comisión Federal […]

Cox Energy America to buy 40% in Spanish PV firm Ibox Energy

Mexico City-based Cox Energy America SAB de CV on Wednesday announced its arrival in Europe via an agreement to acquire a 40% in Spanish solar PV specialist Ibox Energy for an estimated $95 million euros. The aspiring buyer is the Mexico-listed subsidiary of Spanish renewables firm Cox Energy Solar SA and invests in projects in […]