Sheinbaum’s Energy Vision: The Week in Energy

Sheinbaum takes office and announces Mexico’s first National Energy Plan, focused on the energy transition.

Ready for more? Here is the weekly roundup!

Claudia Sheinbaum Announces National Energy Plan Focused on Energy Transition

The Mexican government will present an unprecedented National Energy Plan for the 2024-2030 term, with an emphasis on the transition to renewable energy, President Claudia Sheinbaum announced on Tuesday. Read more here.

CFE Issues Sustainable Bonds Worth US$1.5 Billion

CFE issued US$1.5 billion in sustainable bonds on international financial markets. This marks CFE's second issuance of sustainable bonds, following a previous issuance of MX$10 billion (US$585 million) in July 2023. CFE announced that the funds raised on Sept. 17 will be used to refinance short-term bank debt and support initiatives that accelerate the company's energy transition and social inclusion efforts. Read more here.

Solarever, Tongwei Sign Promoting Agreement

Solarever and Tongwei have entered a 100MW annual framework agreement to enhance the distribution and sale of high-efficiency photovoltaic modules in Mexico. This partnership aims to accelerate the adoption of distributed photovoltaic energy across the country. Through this collaboration, Solarever and Tongwei aim to leverage their combined expertise and technology to support Mexico’s energy transition and promote sustainable energy practices. Read more here.

COMENER Shares 2030-2050 Energy Outlook

To tackle the most pressing energy challenges in the country, the Mexican Energy Council (COMENER) conducted an extensive study with approximately 30 experts, aiming to create a strategic vision for 2030-2050. The organization's goal is to consolidate recommendations for the government's upcoming term and players in the energy industry, focusing on sustainability, energy security, and accessibility, explains COMENER President Juan Acra. Read more here.

Bridging the Power Gap: Embracing New Technologies

While there has been significant discussion regarding Mexico's competitive advantage stemming from its strategic location, more is needed to leverage this opportunity. The fruitful trade agreements with North America have spanned several decades. The opportunity to fully leverage these advantages is now at a pinnacle, writes expert Luis Arias, CFO, AINDA. Read the full article here.