Initiative to Reverse Energy Reform Presented; Gas Imports GrowBy Cas Biekmann | Thu, 09/17/2020 - 17:25
MORENA has presented an initiative to amend the constitution and reverse the 2013 Energy Reform. Thermion and Siemens partner up to construct the Delaro Wind Farm. Imports of natural gas from the US have grown 4 percent against last year. Internationally, Rystad predicts a boom in renewable energy development in Latin America.
Ready for more? Read your weekly energy roundup here!
Initiative to Reverse Energy Reform Presented
The National Regeneration Movement party (MORENA) has presented its initiative to reverse the 2013 Energy Reform, promoted and implemented by the Peña Nieto Administration. By modifying the Constitutional text in articles 25, 27 and 28, the political party will be able to effectively undo the Energy Reform and greatly boost the administration’s goals to return PEMEX and CFE to their position as the state’s strong production companies.
Thermion and Siemens to Construct Delaro Wind Farm
The Mexican renewable energy champion Thermion reported that it is to develop the 117MW Delaro wind farm along with Siemens financial services, located in Reynosa, Tamaulipas. One hundred percent of the energy generated has already been marked to be sold to both Mexican and international companies. The project will boast 27 SG 4.5-145 wind turbines, all of which are manufactured in Mexico. The development will create 400 jobs.
Mexico’s US Gas Imports Grow 4 Percent
During the first half of 2020, Mexico imported 5.1 billion bcf/d from the US, 4 percent more than during the same period in 2019. Opportimes reported that the increase occurs due to steady expansion and renovation efforts of pipelines across the border area, allowing for more natural gas to be transported despite the effects of the COVID-19 pandemic.
Women in Renewable Energy Mexico (MERM) Becomes IRENA Coalition Member
MERM has joined the Global Action of the International Renewable Energy Agency (IRENA). The Coalition forms an international network to discuss trends in the energy industry, to determine course of action and to share knowledge with the goal of promoting a sustainable global energy transition. The coalition has more than 100 leading voices in renewable energy, including companies, associations and NGOs.
Latin America’s Renewable Energy Capacity to Rise to 123GW by 2025: Rystad
Energy intelligence company Rystad expects renewable energy capacity to “skyrocket” by 2025, climbing up to 123GW in the next five years. Currently, Latin America only boasts 49GW of capacity but Rystad predicts a boom in Brazil, Chile, Colombia and Argentina. Mexico will increase its capacity further as well, although Rystad notes that the current regulatory atmosphere might hold back its growth.
BP Publishes Energy Outlook for 2020
British Petroleum has already shown it means business with its decarbonization process and investments in clean technologies. By publishing its Energy Outlook 2020 document, BP aims to inform its own strategic decisions as well as to contribute to the wider debate. The outlook focuses on three main scenarios: Rapid, Net Zero and Business-as-usual. Some trends BP notices are an increased energy demand, the resilience of natural gas and renewable energy development.
Bulgaria to Add 2.6GW of Renewable Energy
Bulgaria is aiming to install 2.645GW of renewable energy by 2030, consisting mostly of solar energy. Renewables Now reported that wind and biomass-based energy account for 471MW, a much lower share comparatively.