CRE has approved energy permits for 15 power plants owned by Iberdrola Mexico, which operate under self-supply and cogeneration modalities. Some of these plants were sold to a private trust with government participation. Moreover, CFE is set to issue financial debt amounting to MX$10 billion (US$572 million) in December.
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New Fortress Energy (NFE) revealed that it is considering establishing a liquefied natural gas (LNG) export facility in Mexico, which would be an onshore complement to its offshore project.
CRE has approved the use of the energy generated by 15 power plants operating under the self-supply and cogeneration modalities. These power plants are all owned by Iberdrola Mexico, and some were sold earlier this year to a private trust with government participation.
CFE will issue financial debt for MX$10 billion (US$574 million) in December, according to a preliminary document sent to the Mexican Stock Exchange (BMV). Bond certificates will be issued under the "vasos comunicantes" model with issuance numbers 13, 14, and 15.
The International Energy Agency (IEA) will present the first edition of the "Latin America Energy Outlook" next week. According to the organization, the Latin America and Caribbean region stands out globally in the energy sector due to the extensive availability of natural resources, both in terms of fossil fuels and renewable energy potential, along with a significant role in critical minerals.
Starlink, SpaceX's satellite internet division, won a CFE tender to provide internet service under a contract extending until December 2026. Starlink Satellite Systems of Mexico outbid two other companies for "having offered the best conditions in terms of price,” according to CFE. The contract is for a minimum of MX$887.5 million (US$51 million) and a maximum of up to MX$1.775 million (US$101 million).
While stringent standards and regulations within the industrial sector have shown positive results in mitigating pollution and environmental hazards, increasingly frequent natural disasters like hurricane Otis in Acapulco underscore the need for more proactive action. This understanding is driving industries to explore the potential of ecotechnologies to reduce their greenhouse gas emissions.
Corey Solar carried out the installation of photovoltaic panels at Alfrut's Zamora food plant, which is set to fulfill 30% of the company's energy requirements. The installation considers the company’s need for sustainable energy, while keeping the integrity of food processing intact.