CFE Reveals Transmission Initiatives for the Yucatan Peninsula

President López Obrador appoints Miguel Ángel Maciel as the new Minister of Energy in a late-term shuffle. Meanwhile, CFE unveils several transmission projects during a roadshow with contractors and suppliers.

Here is your weekly roundup! 

CFE Unveils Transmission Projects in Yucatan Peninsula

CFE organized a roadshow, inviting major contractors, manufacturers and suppliers to present five transmission projects to be tendered in the Yucatan Peninsula, as well as an interconnection project between the northeast and center of the country, referred to as "I19" Contests 1, 2, and 3.

AMLO Appoints New Energy Minister in Late-Term Shuffle

President Andrés Manuel López Obrador has officially appointed Miguel Ángel Maciel as Minister of Energy, a decision made less than a year before the end of his six-year term. President López Obrador announced this decision via a social media post on Monday. Maciel will replace former Minister Rocío Nahle, who will run for the governorship of Veracruz.

Understanding Iberdrola’s Investments in Mexico

In June, Iberdrola and the Mexican government finalized a deal announced in April to reduce the former’s presence in the country through the sale of part of its assets. Despite the challenges, the company continues to nourish its interest in investing in Mexico. Iberdrola retained ownership of 13 plants to ensure continued service to its private customers, while shifting its focus toward the expansion of renewable energy projects in Mexico.

Enel X Expands Renewable Energy, Electromobility Plans in Mexico

Energy supply and management company Enel X has identified opportunities in renewable generation projects and the electrification of public transportation in Mexico. The company is actively involved in electrifying two major bus systems in the country and is considering plans for a substantial wind farm and a battery storage facility in Tamaulipas. These projects could potentially contribute 2MW of installed capacity to the energy grid, doubling the current capacity of the Sonora Plan.

Energía Real Raises MX$250 Million

Energía Real has successfully closed its first round of operational asset financing with Banco Sabadell for MX$250 million (US$13.94 million). The company aims to grow its production capacity within the next two years, while supporting its clients decarbonization efforts.

Tamaulipas’ Energy Landscape

Tamaulipas’ geographic and economic position has attracted the attention of companies looking to take advantage of the nearshoring boom coming to Mexico. Energy leaders ENGIE and Enel have already started exploring opportunities in the state, pushing Mexico’s clean energy commitments while supporting industrial growth.

Tamaulipas, CAAAREM Join Forces for Economic Growth

The Association of Customs Brokers of Nuevo Laredo, the Confederation of Customs Agents Associations (CAAAREM) and authorities from the government of Tamaulipas signed a collaboration agreement, aiming to create better conditions in the state's customs to boost the region’s economic development. The signing took place during CAAAREM’s celebration of its 85th anniversary.

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