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Weekly Roundups

Milestones in Energy Transition

By Dalia Maria de León | Fri, 02/07/2020 - 18:48

MEXICO

New initiative to increase distributed generation capacity exempt from licenses.

Hernán Salinas, national deputy proposed an initiative to Congress that seeks to modify article 17th of Electricity Industry Law in order to increase the capacity for exempt generation, from 0.5 MW to 1.0 MW in licenses for Distributed Generation issued by the Energy Regulatory Commission (CRE).

This initiative seeks to increase the capacity allowed and to simplify the license process for Distributed Generation power plants. If these plants manage their incorporation into the electrical system, they will be more accessible to final users, which is necessary to promote the development of solar energy throughout the country. 

 

Banorte will be supplied with renewable energy by Thermion

Financial Group Banorte signed a contract with Thermion with the objective of providing 70 percent of the energy consumed by Banorte with energy from wind farms by 2021.  The agreement guarantees the supply of energy to 613 Group properties, between branches and buildings. This clean energy, generated at the Delaro wind farm in Tamaulipas, will reduce more than half of the greenhouse gases Banorte Groupp emits today.

 

The president of Mexico leads energy projects in Merida and Yucatan

President Andres Manuel Lopez Obrador led in Mérida, Yucatán the construction of two energy projects.  The first one consists in the installation of a combined cycle power plant “Mérida 4”.  Its first operation phase will start in 2021, with a capacity of 500MW. Within three years, when it is operating at full capacity, it is expected to produce 1,000 MW.

The second project refers to the beginning of phase 2 of the Cuxtal-Mayakan System which will be an extension from Valladolid to Cancun, Quintana Roo with a length of 158 km where natural gas will be transported. With a capacity of 240 million cubic feet per day it is expected to be developed throughout the next 25 months.

 

INTERNATIONAL

India installs World’s Largest Renewable Energy Storage Tender

The Solar Energy Corporation of India (SECI) has successfully concluded the world’s largest renewable energy-cum-storage tender. The agency allocated 1.2GW of renewable energy capacity. With this, India has finished the world’s largest renewable-plus-storage tender to date, which has achieved the world’s lowest “peak clean electricity tariff” at US$0.057 per kWh, a price which continues to make coal not just environmentally, but economically unfeasible throughout the country.

 

Norwegian renewables company Statkraft announced an investment of over US$700 million in Scotland.

The firm seeks to deliver 14 projects and has two in the planning phase, the 200 MW Energy Isles project on Shetland and the 40MW Slickly Wind Farm near Caithness.  Richard Mardon, Head of business and project development of Statkraft affirmed the company is prepared to invest over US$700 million on Scottish projects from now to  2025 , which equates to 75 percent  of its planned global spend.

Scotland has become an attractive investment destination for many European wind power generation firms, partly due to the blustery conditions, but also because of England has set up a system where a local veto can complicate the development new offshore wind projects.

Dalia Maria de León Dalia Maria de León Journalist & Industry Analyst

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