CFE Creates Trust, Bets on Combined Cycle EnergyBy Cas Biekmann | Thu, 07/23/2020 - 16:32
CFE grabbed the spotlight this week with the creation of a trust fund and its focus on combined cycle energy. Internationally, climate scientists researched new potential scenarios. Furthermore, the role of hydropower is uncertain in the EU. Read all about it here!
CFE Creates Trust to Boost Business
Yesterday, CFE approved its ‘Master Investment Trust’. With it, the state production company seeks to build five strategic power plants to guarantee stability and quality energy generation, according to a report by Energía Hoy. In addition to constructing new plants, CFE also aims to acquire existing facilities. One major advantage of the trust is that it allows CFE to invest without affecting the Mexican government’s debt ceiling. The commission aims to control 54 percent of Mexico’s power production by 2024.
CFE Bets on Combined Cycle Power Generation
More news from CFE. Between 2020 and 2024, the commission will tender the construction of eight combined-cycle power plants for a total of 5.802GW, reported Energía a Debate. CFE has shown to be more selective in its tenders by cancelling four previously planned projects of this nature due to the pandemic, but nonetheless moves ahead with these projects.
CENAGAS Calls for Natural Gas Supply Bids
CENAGAS, Mexico’s pipeline operator, has issued a second bidding for natural gas. The goal is to ensure that Mexico’s SISTRANAGAS system maintains its balance, reported Natural Gas Intelligence. CENAGAS is calling to increase the number of natural gas supply contracts and aims to only make use of the contracts when the conditions call for it. By injecting more natural gas into the system, CENAGAS is able to save money and effort by preventing further balancing measures.
How Brazil Beat Mexico in Solar Energy Generation
When examining which Latin American economies have the biggest solar energy developments, Mexico and Brazil are often immediately mentioned because of the size of their economies and the potential for solar projects. Currently, Mexico seems to trail behind Brazil, even though it was leading in previous years. MBN’s experts weigh in on why this is the case, citing Brazil’s stance toward distributed generation as crucial.
Best-Case Global Warming Scenario No Longer Possible, Worst-Case Scenario Less Likely
Bloomberg News reported that scientists say best-case scenarios for global warming impact are no longer a possibility. However, in the same study, it also argues that while current efforts to halt climate change are not sufficient, they do make the worst-case scenarios less likely as well.
European Hydrogen and Batteries Moving Upward as Hydropower Lags Behind
Even though hydropower has a long history and wide presence in Europe as a clean energy technology, its position in the EU’s future power generation plans remains uncertain. Instead, the EU focuses more than ever on producing hydrogen and incorporating battery storage. GreenTech Media reported that hydrogen only grew by 1 percent over 2019 in all of Europe, totaling a capacity of 251GW. Nonetheless, hydro-based power plants could also play an important role in storing renewable energy, which has been done successfully in Spain.