Mexico

22 geothermal exploration permits currently active in Mexico

February 15, 2023

According to the Secretariat of Energy of Mexico, 22 active geothermal exploration permits are currently active in the country, the majority in Baja California. Source: ThinkGeoEnergy

Mexican real estate investment trust, Fibra Macquarie, receives sustainability-linked loan for US$150 million

December 22, 2022

Mexican real estate investment trust, Fibra Macquarie, has received US$150 million in sustainability linked financing. The first part of the financing is worth US$75 million and will be distributed over a four-year term loan. Then an equal amount in a three-year revolving credit line will be distributed. Source: Latin Finance

CEMEX will begin implementing hydrogen injection technology at four cement plants in Mexico

December 22, 2022

CEMEX will start implementing hydrogen injection technology at four of its cement plants in Mexico which will help reduce its consumption of fossil fuels. Source: CEMEX

Mexico plans to deploy an additional 30 GW of wind, solar, geothermal, and hydroelectricity capacity by 2030

November 17, 2022

Mexico announced at COP27 that they intend to deploy more than 30 GW of additional wind, solar, geothermal, and hydroelectricity capacity by 2030. Source: Renewables Now

Eurus Energy Group starts operation at its 50 MW wind farm in Mexico, the first wind farm located in Baja California Sur

November 3, 2022

Eurus Energy Group started operation at its first wind farm in Mexico. The 50 MW farm is located near La Paz and is the first wind power generation facility in Baja California Sur. Source: Eurus Energy

Sempra Infrastructure will supply power from a 300 MW wind farm in Mexico to the city of Santa Clara

November 2, 2022

Sempra Infrastructure signed a PPA with Silicon Valley Power (SVP) to supply power to the city of Santa Clara from a 300 MW wind farm in Mexico. Source: Renewables Now

Mexican bottling company, Coca-Cola Femsa, sells US$300 million of social-sustainable bonds in local market

October 19, 2022

Coca-Cola Femsa, the Mexican bottling company, has sold US$300 million of social-sustainable bonds in the local market. They will use the money to focus on financing local community development projects. Source: Latin Finance

Mexico’s CFE earmarks US$75.2 million for geothermal projects next year

September 21, 2022

Mexico’s national power company, CFE, is proritizing investment in geothermal. Geothermal projects are slated to receive about US$75.2 million in investments in 2023. Source: Think Geo Energy

Mexico issues sustainable bonds worth US$550 million in Japan

September 7, 2022

Mexico placed US$550 million worth of sustainable bonds in Japan, becoming the first Latin American country to place sustainable bonds in Japan. Source: Latin Finance