Image credits: Marcin Jozwiak
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Weekly Roundups

Mexico Could Have a New Energy Alliance With Europe

By Paloma Duran | Thu, 09/29/2022 - 10:00

In a meeting, the Mexican and German presidents discussed key issues such as increasing natural gas exports and the Russian invasion of Ukraine. CFE is waiting for SEMARNAT’s approval to build a submarine transmission line between Playa del Carmen and Cozumel. In addition, ZGR wants to grow in the Mexican market by offering transmission and distribution technologies to CFE to improve energy supply systems in Mexico.

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Mexico Offers Natural Gas to Alleviate Europe’s Energy Crisis

In a meeting with German President Frank-Walter Steinmeier, President Lopez Obrador offered to send liquid natural gas (LNG) in an effort to diminish the European energy crisis that emerged after Russia decided to gas cut supplies over the past months. Nevertheless, Mexico has not yet commercially exported LNG so far. In addition, Walter called on the Mexican government to openly oppose Russia’s invasion of Ukraine.  

CFE Wants to Build Underwater Transmission Line

To properly target Mexico’s growing southeast region, CFE is planning to build a new transmission line in Quintana Roo as part of its National Electricity System Modernization Program. The project, called “Playa del Carmen-Chankanaab II,” involves the construction of a high voltage transmission line with an underwater section between Playa del Carmen and Cozumel, which, according to the commission, will strengthen the power supply to the island of Cozumel. 

ZGR Offers Energy Solutions to CFE

The Spanish company ZGR Corporation is exploring business opportunities with CFE, in order to grow its market in Mexico by providing technology solutions to make energy supply more efficient. 

Serfimex Solar Offers Green Financing

Mexico has great potential for renewable energy development, especially regarding solar energy, since it is located within the areas with the highest levels of solar irradiation worldwide. Furthermore, according to the 2020-2034 and 2021-2035 versions of the National Electric System Development Program (PRODESEN), photovoltaic solar systems are the fastest growing renewable energy technology in the country. However, many of the country’s large-scale solar projects do not materialize due to the lack of adequate financing. 

Uncertain Energy Supply Threatens Nearshoring Boom in Mexico

Nearshoring represents a unique opportunity for Mexico to leverage foreign investment and consolidate its role within North American value chains. However, the lack of reliable, accessible and clean energy limits the country's potential to exploit this opportunity to the fullest.

The data used in this article was sourced from:  
MBN
Photo by:   Marcin Jozwiak
Paloma Duran Paloma Duran Journalist and Industry Analyst