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Weekly Roundups

CRE Greenlights Energy Projects

By Cas Biekmann | Thu, 12/24/2020 - 12:27

Thirteen energy projects, mostly renewable but some thermal-based, are allowed to continue their construction with an adjusted time-table toward interconnection. In other news, CFE’s 2021 federal expenditure budget is lower than in 2020. Ready for more? Your weekly roundup is here!

 

Mexico

CRE Gives Go-Ahead for 13 Energy Projects

CRE, the regulatory commission for Mexico’s energy sector, has given the green light for the construction of 13 energy projects. According to CRE the projects have been allowed to change their schedules that were held back by the pandemic and can be interconnected to the grid at a later point in time.

The news might come as a positive surprise to renewable developers. MBN experts considered 2020 to be a very slow year in regards to issuance of permits for both energy projects and fuel sales.

 

CFE’s Federal Expenditure Budget Reduced by 8.6 Percent

Mexico’s Federal Expenditure Budget Bill proposed an allocation of MX$417.14 billion (US$20.67 billion) toward CFE’s budget over the fiscal year 2021. This is a reduction of 8.6 percent in comparison to what was approved in 2020, reported La Jornada. The budget is designed to cover CFE’s costs for fuels toward power production, efforts to modernize and operational expenses in the wholesale electricity market (WEM), where the state utility aims to expand further.

 

Grupo Bimbo Promotes Sustainability in the Food Industry

Committed to the implementation of sustainable practices and reduce its environmental impact, Grupo Bimbo has announced the opening of a sustainable Distribution Center (CEDIS) in Mexico City. Moreover, the company has the largest fleet of electric distribution vehicles in the country and one of the largest in Latin America.

 

CNH Proposes Government Lifts Fracking Ban

CNH, Mexico’s hydrocarbons commission, used its extraordinary session on Thursday, December 17 to once again urge the government to lift its ban on fracking, BNAmericas reports. By using the controversial well stimulation technique, Mexico could make great use of its natural gas potential in the Tampico-Misantla basin and decrease its reliance on imports.

 

International

Spain to Tender 3GW of Renewable Energy via Pay-as-Bid Model

The country has launched its tender, with a max of 3.18GW from renewable resources in its first use of the pay-as-bid model, reports GTM. Solar and onshore wind will each receive one GW. The remaining 1GW will incorporate other technologies, concentrated solar, hydropower, floating offshore and biomass among the possibilities. The new model could negate issues associated with auctions in 2016 and 2017, where the LCOE dropped too low and developers were forced to sign PPAs and venture into spot markets to make a profit. 

 

Iberdrola Denies Interest in Tilt Renewables Stake

Despite reports from the New Zealand Herald and others pointing toward Iberdrola as the frontrunner to acquire a 65.6 percent stake in Tilt Renewable from Infratil, Ibedrola’s representatives have denied the interest, reported Renewables Now.

The data used in this article was sourced from:  
GreenTech Media, MBN, Renewables Now, Reuters, El Financiero, BNAmericas
Cas Biekmann Cas Biekmann Journalist and Industry Analyst