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Weekly Roundups

GIP Acquires Atlas Renewable Energy; Buenrostro and Tai Meet

By Cas Biekmann | Thu, 11/10/2022 - 17:59

This week, GIP acquired Atlas Renewable Energy. Meanwhile, SAAVI Energía purchased the Tierra Mojada plant. In other news, Raquel Buenrostro, Mexico’s recently appointed Minister of Economy, held a virtual meeting with US Trade Representative Katherine Tai. 

 

Ready for more? Here is your weekly roundup!

 

GIP acquires Atlas Renewable Energy

ACTIS and Global Infrastructure Partners (GIP) jointly announced the acquisition of Atlas Renewable Energy. Atlas Renewable Energy is a solar-focused renewable energy developer with projects in Chile, Uruguay, Brazil and Mexico. It was founded in 2016 with the support of ACTIS, a leading global investor in sustainable infrastructure.

 

Buenrostro, Tai Meet to Discuss Mexico’s Energy Policy

Raquel Buenrostro, Mexico’s recently appointed Minister of Economy, held a virtual meeting with US Trade Representative Katherine Tai to talk about the state of the consultation period between Mexico and the US regarding violations of the USMCA in energy policy.

 

AGRANA Fruit Mexico, CITRUS Implement Absolicon Solar Heat Tech

AGRANA Fruit Mexico and CITRUS have signed an agreement for the installation of a demo plant at the former company’s facilities in Zamora, Michoacan. The full potential for solar heat installations at AGRANA’s plant is 3000m2. The initial system is expected to commence operations in 2023, using the patented Absolicon T160 technology, with an operational temperature of up to 160°C heat and 8 bar steam.

 

SAAVI Acquires Tierra Mojada Combined Cycle Plant

On Monday, Nov. 7, 2022, SAAVI Energía announced its acquisition of Tierra Mojada, a combined cycle power plant located in Zapotlanejo, Jalisco. "The incorporation of Tierra Mojada into SAAVI’s portfolio of assets is an important milestone that contributes to consolidating our position as a leading platform in power generation," the company said in a statement.

 

How Carbon Markets Can Provide Business Opportunities in Mexico

Environmental, social and governance (ESG) goals are considered a major trend for transnational companies but as climate change continues to worsen, both policymakers and individuals are taking measures to achieve carbon neutrality, prompting the huge development of carbon markets.

 

Italian Ambassador to Mexico Respects Mexico’s Energy Policy

Luigi De Chiara, the Italian Ambassador to Mexico, emphasized that even though Italian companies have not yet obtained permits to start operating their renewable energy plants in the country, they will sustain their investments in Mexico.

 

Canada Raises Concerns About Mexico’s Investment Climate

Raquel Buenrostro, Mexico’s Minister of Economy, held a virtual meeting this past Friday with Mary Ng, Canada’s Minister of International Trade, Export Promotion, Small Business and Economic Development. The ministers discussed Mexico's investment outlook in the energy sector.

 

CFE: Responsibility Behind Coal Exploitation Tragedies

Mexico's coal mining activity is under the highest scrutiny. Following the mining accident in El Pinabete, Coahuila, in early August, public debate has questioned the root cause of ongoing mining accidents.

Photo by:   Unsplash
Cas Biekmann Cas Biekmann Journalist and Industry Analyst