Sheinbaum Appoints Minister of Energy

Luz Elena González has been appointed the next Minister of Energy by president-elect, Claudia Sheinbaum. She will be responsible for driving Mexico’s energy transition for this new administration.

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Sheinbaum Appoints New Minister of Energy
González will lead Sheinbaum’s plans for the energy sector, including her Shared Prosperity plan, which features an investment of MX$55.4 billion (US$3,213 million) for transmission projects throughout 2025. Sheinbaum has stated that she is committed to an energy transition that promotes the development of renewable energies, primarily solar and wind power. Her plan includes the installation of around 80GW of clean energy, requiring an investment of US$13.6 billion, some of which will go toward the rehabilitation of hydroelectric plants. In this regard, she has urged the private sector to get involved.

Cinepolis Wins Schneider Electric Sustainability Award 2024
Cinepolis, Latin America's largest cinema chain and a global industry leader, has been honored with the Schneider Electric Sustainability Impact Award 2024, under the "Impact by Enterprise" category. In the latest edition of the Schneider Electric Sustainability Impact Awards, which drew 420 participants, nearly double compared to its inaugural year, Cinepolis stood out for its innovative and effective sustainability initiatives. 

Bimbo Reaches 92% Renewable Energy Use in Global Operations
Grupo Bimbo reported 92% progress toward achieving 100% renewable energy use in its operations, as part of its strategy to reach net-zero carbon emissions. By the end of last year, the company had converted its operations to 100% renewable electric energy in 27 countries.

AMH2 Talks About the Future of the Industry
Israel Hurtado, President, Mexican Association of Green Hydrogen and Sustainable Mobility (AMH2), defended the continued existence of energy regulatory bodies, emphasizing their role in providing legal certainty for investments and protecting consumers. At the same time, he highlighted the potential of a US$60 billion investment in hydrogen for the benefit of the industry. 

CFE Capital Pays MX$899 Million to FIBRA E Certificate Holders
CFE Capital will distribute MX$899.2 million to FIBRA E holders on June 28, with separate amounts for Series "A" and Series "B" certificates. "This distribution includes revenues from 13 weeks of operation, noting that 2Q24 had one less week compared to the same period last year," explained CFE.

Data Centers, EVs Boost Energy Demand in Mexico and US
The installation of new data centers and the increasing adoption of electric vehicles are accelerating the growth of electricity demand in Mexico and the United States, with a significant increase in the adoption of sustainable energy in both countries projected to meet this growth. 

Tula Power Plant Under Review for Emission Violations
The Federal Attorney for Environmental Protection (PROFEPA) and SEMARNAT have been mandated to review and verify the operations of the Tula thermoelectric plant to ensure it implements necessary measures to control emissions and mitigate environmental damage without affecting electricity supply, according to a federal court ruling.

INAI Instructs CFE to Disclose EV Charging Station Data
CFE has been instructed to release information about electric vehicle charging points by the National Institute of Transparency, Access to Information, and Personal Data Protection (INAI). The Institute, chaired by Commissioner Adrián Alcalá, announced that on June 26, its Plenary unanimously revoked CFE's response to an individual requesting information about electric vehicle charging points in Mexico City, State of Mexico, Queretaro, Jalisco, Guanajuato, and Nuevo Leon in which the commission responded that no documents with the requested information were found.

CRE Issues New Badge of Approvals
CRE’s governing body approved a series of projects in the field of hydrocarbons. Among the most notable decisions are seventeen resolutions of administrative procedures, six initiations of administrative procedures and various authorizations for transportation and marketing permits. While uncertainty lingers regarding the future of the commission due to López Obrador’s proposed reforms, the body continues to operate.

Real Energy Joins Global Pact for Gender Equality
Real Energy, the largest distributed generation (DG) company in Mexico, has joined the Mexico Global Pact 2024, supporting the Women's Empowerment Principles (WEPs) promoted by the United Nations and UN Women. This initiative, endorsed by over 3,000 business leaders worldwide, aims to highlight the actions, plans, and gender equality strategies implemented by participating organizations to achieve their goals.

Mexico’s Potential Reform May Be at Conflict With USMCA
President Andrés Manuel López Obrador's initiative to eliminate autonomous bodies risks Mexico entering conflict with at least four chapters of USMCA concerning energy and competitiveness, the Mexican Institute for Competitiveness (IMCO) and the Wilson Center point out.