Safeguarding Investor RightsBy Cas Biekmann | Fri, 03/19/2021 - 09:22
Q: You’ve already stated that the latest energy legislation is “destructive.” How is AMDEE responding?
A: As we have already announced, AMDEE will use the legal mechanisms available to safeguard our rights as investors.
We are bound by our fiduciary responsibility. The legislative changes violate fundamental rights established at the constitutional level, in addition to violating a series of obligations that Mexico assumed at the international level, provided for in investment protection agreements and international treaties. We are in constant communication with all our associates and, at the same time, they are communicating with their clients to maintain a clear flow of information and prepare the next steps.
Q: How will the need of companies to source clean energy translate to opportunities for wind companies in Mexico?
A: In Mexico and around the world, the need to move toward generating energy through renewable sources is a reality. More and more countries have promoted this transition for the benefit of the environment, the economy and a better future for the next generations. Mexico has great potential for this transition, it has all the natural elements and the willingness of many organizations to join this change. Wind energy companies have helped steer the country toward sustainability.
Q: How can new technologies such as energy storage benefit wind companies and their projects?
A: As markets and technologies evolve, new solutions are presented to overcome grid challenges and better support the system’s operation. Even though there is no storage policy or regulation in Mexico, we know that this technology presents solutions to multiple challenges that a grid may face. We have actively participated in the dialogue to set the policies and framework for different solutions and we will gladly continue to do so when the authorities are ready.
Q: How have wind companies adapted their social approach during the pandemic?
A: During this pandemic, wind energy companies have continued to work with the best practices and with respect and attention to the communities where wind farms are installed. Likewise, each of the companies has done their part and has contributed to the well-being of the communities through different initiatives; from the delivery of medical equipment and food pantries, to the reinforcement of sanitary measures and support for local hospitals.
Q: What Will AMDEE’s main focus be for this year?
A: At AMDEE, we will always be committed to promoting an industry that benefits our environment and millions of Mexican families. This year, we hope to continue with this purpose, completing the projects under construction and keeping the rest in operation. Given the political panorama, we trust that an energy transition toward clean energies will continue to be prioritized and that decision-makers in the government will reconsider the need for Mexico to ensure a better future for the next generations.