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Mexico

  • Mexico and Brazil Look to Caribbean for New Energy Investment Opportunities

    September 14, 2016

    In November, a Brazilian investment mission will take investors and parliamentarians to the Eastern Caribbean to discuss a wide range of business opportunities. The Embassy of Mexico to the Eastern Caribbean States will hold a Forum, “Creating Synergies to Strengthen the Competitiveness of the Greater Caribbean” November 16-18 in Cancun, Mexico. Both Mexico and Brazil […]

  • Shell Plans to Divest Gulf of Mexico Assets for $425M

    September 2, 2016

    A merger between Royal Dutch Shell and BG Group has resulted in the decision by Shell to sell off assets in Mexico worth US$425 million. The deal between Netherland’s Shell and the British BG is worth $50 billion and forced Shell to increase its borrowing in order to maintain its dividend policy at a time […]

  • Mexico’s Renewable Energy Revolution

    August 30, 2016

    Legislation in Mexico has created a positive growth environment for renewable energy industries. Following the collapse of oil prices last year, Mexico opened its power sector to the private sector to increase participation in power generation and commercialization. In March, the government bought 2.1 GW for US$2.6 billion and will seek to buy between US$2.6 […]

  • JinkoSolar signs three solar PPAs for its 188MWac projects in Mexico

    August 8, 2016

    The solar market is becoming increasingly competitive and in Latin America. Mexico has attracted the interest of Chinese solar PV firm, JinkoSolar Holding Co., Ltd. The company signed 3 PPAs with the Mexican Federal Electricity Commission (CFE), to provide 188 MW of solar energy beginning in 2018. Electricity generated will be sold to the CFE […]

  • TransCanada to develop $800M US energy storage and transportation project in Mexico

    August 1, 2016

    TransCanada Corp. has plans to develop an US$800 million refined fuel storage and transportation project. The company has partnered with Sierra Oil and Gas, and Grupo TMM to build 265 kilometres of pipeline and an inland distribution hub in central Mexico. As the principal development partner, TransCanada will hold 50% interest on the investment, adding to […]

  • Macquarie fund to buy 22.5-MW solar project in Mexico

    July 19, 2016

    Macquarie Mexican Infrastructure Fund (MMIF) will supply solar power to government and the private sector in Mexico. As the first managed fund in Latin America, it will buy a 22.5 MW solar project in Coahuila for about MXN 758 million (USD 41m). This represents MMIF’s second investment in renewable energy, as it already has a […]

  • ACCIONA signs its first renewable energy contract under Mexico’s energy reforms

    July 17, 2016

    Renewable power company ACCIONA Energia will cover an annual supply of 585.7 GWh of electricity, from two wind farms in Mexico. One of the first companies to sign a PPA with Mexico’s Federal Electricity Commission (CFE), ACCIONA was awarded the contract after an auction held in March. The 168 MW wind farm in the state […]

  • German, Mexican state banks sign MOU to promote renewable energy

    June 25, 2016

    Commitments by development and export banks for financing renewable energy projects in Latin America is growing and Mexico’s National Bank of Foreign Commerce (Bancomext) is next in line. A memorandum of understanding (MOU) for the promotion of renewable energy has been signed between the German Development Bank (KfW) and the Germany International Cooperation Agency (GIZ); […]

  • EDC eyeing geothermal opportunities in Mexico

    June 14, 2016

    Philippines-based geothermal firm, Energy Development Corp (EDC) is considering investment in a site in Mexico “We’re not doing anything yet – but we’re studying. Mexico’s energy sector is privatizing, deregulating so we want to take a look,” said EDC president Ricky Tantoco. The commitments of Latin American governments since the Paris COP21 agreement have led […]

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