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Weekly Roundups

Economic Package 2022: New Clean Energy Projects

By Cas Biekmann | Fri, 08/13/2021 - 10:04

Under a new Minister of Finance, the 2022 budget is being readied, part of it aimed at CFE to increase its clean energy capacity. Rogelio Ramírez de la O gears up to head and involve the Ministry of Finance more into the energy sector. In other news, renewable energy prices continue to become cheaper. Climate change threatens the plant, urges the UN.

 

Mexico

Economic Package 2022: New Clean Energy Projects

As part of the Economic Package for 2022, President López Obrador plans to further strengthen CFE through the tender of six new thermoelectric plants and the modernization of twelve aging hydroelectric plants scheduled for next year.

 

New Finance Minister Readies Public-Private Energy Prospects

Following Rogelio Ramírez de la O’s appointment as the new head of the Ministry of Finance, the 2022 budget proposal became an urgent priority. The proposal, which is part of the government’s aim to further involve the ministry in the energy sector, includes new public-private partnership opportunity for energy infrastructure projects.

 

SIEC 2021: CFE Moves Decisively Towards Renewable Energy

CFE's renewed gravitation towards renewable energy projects indicates that the company has begun to understand that all the world´s electrical systems are making the transition, said Cesar Hernandez Ochoa, founding partner of Publius Consulting and former commissioner of National Commission for Regulatory Improvement (CONAMER).

 

Ongoing Drought Threatens Hydropower Plant Upgrades

NASA reports that 85 percent of Mexico is facing drought conditions that are depleting large water reservoirs across the country which in turn threaten Hydroelectric Power plant upgrades promised by President López Obrador in late 2018.

 

Federal Judge Blocks López Obrador’s Reform to the LIE

Federal judge Juan Pablo Gómez, presiding judge of the second district court, has issued new definite rulings against President López Obrador’s reform to the Electricity Industry Law (LIE), following four companies contesting the decree.

 

Electric Vehicles Trail Behind in Mexico

A report from the United Nations Environment Program (UNEP) shows that electric mobility is growing in Latin America and the Caribbean. Even though there are many actors involved in pushing electric vehicles (EVs) to the forefront in other countries, Mexico is still lagging: it is the last out of sixteen countries in regards to public institution support for EVs.

 

International

Renewable Energy Replaces Coal as Cheapest Energy Source

The International Renewable Energy Agency (IRENA) reports that renewable energy technologies added 162 GW, or 62 percent of power generation capacity in 2020, effectively displacing the cheapest fossil fuel option, coal.

 

UN: It Is Now or Never to Hold Back Climate Change

‘Code red for humanity’, says the UN report warning about the effects of climate change induced by humanity. The 234 scientists of the IPCC, famous for their lengthy compendiums on climate change, warn that the situation could get much worse if no further action is taken. Countries like Mexico could be even more adversely affected.

 

Solar Energy Demand to Stimulate Mining Sector

As solar energy technology displaces coal as the cheapest energy source and world governments strive to ramp up their energy transition efforts to meet net zero commitments under the 2015 Paris Climate agreement, demand for integral components like non-ferrous metals aluminum, copper and zinc are expected to double by 2040, reports Wood Mackenzie.

Cas Biekmann Cas Biekmann Journalist and Industry Analyst