CFE Announces Another Giant Solar Project: The Week in Energy

CFE has announced plans to build a Floating Solar Power Plant to increase renewable energy in Mexico by 120MW. The plant is set to be constructed in Sonora and Coahuila.

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CFE will build a Floating Solar Power Plant

CFE plans to build a Floating Solar Power Plant, with a loan of €$150 million (US$161.2 million) from the AFD. This project, the first in Mexico and Latin America, will increase the generation of renewable energy and diversify its generation park.

Durango, Solarever, LAUNCH Design Sign Cooperation Agreement

The Durango government, Grupo Solarever, and Shanghai LAUNCH Design signed a strategic cooperation agreement to establish a new-energy vehicle research and development center in Durango, Mexico, aiming to boost the new-energy vehicle industry in the region and across the country.

CFE Profits Plummet 94% in 1Q24

CFE's profits decreased by 94% in 1Q24 compared to the previous year, amounting to MX$1.869 billion. The decline is attributed to factors like sales costs, debt, and income taxes. Regarding operational costs, CFE noted stabilization in fuel prices between 2023 and the early of 2024.

Energy Storage: What Is Its Role in Sustainability Strategies?

The increasing demand for energy in Mexico prompts the need for a sustainable future. Renewable energy integration, coupled with energy storage, addresses climate agreements and ensures stable power supply. ENGIE Chile's BESS Coya sets a precedent in Latin America, showcasing the transformative potential of energy storage in achieving green energy goals.

Ana Laura Ludlow, Vice President Chief Government Affairs and Sustainability Officer, ENGIE, shares her insights on this upcoming trend.

Solar Panel Manufacturers Remain Optimistic, Prepared

In the energy industry, prices can change from one moment to the next so developers must be prepared, says Astronergy’s Indira Sánchez. Sánchez discusses Astronergy's results after a challenging year with a significant decrease in solar module prices. Despite this, the sector remains optimistic. Click here to read the interview.