Worldwide Potential for RenewablesBy Dalia Maria de León | Fri, 02/14/2020 - 11:27
Mexico a Potential Leader in Renewable Energy Generation
Francisco Quiroga, Undersecretary of Mining at the Ministry of Economy, said Mexico has everything to become leader in the renewable energy market, while addressing national and foreign representatives of the sector at the Mexico Mining Forum organized by Mexico Business Events.
Quiroga urged mining companies to have specific strategies for the sector for successful national development that does not include only the economy, but also social, democratic and climate change issues. “Without mining, there would be no energy transition,” he said.
Potential New Renewable Energy Projects in Puebla
Víctor Trejo Jiménez, Vice President of the Energy Committee of CANACINTRA, announced that in 2020, at least five out of 10 companies have a strong interest in investing in solar or wind farm projects in Puebla. Also, Victor Trejo said that companies used to not take a step forward in terms of acquisition of solar panels because the return on investment took 13 or 14 years. But now, they understand that it is a primary need in their production processes of production and returns can be seen in four years.
New Iberdrola Solar Project in the US
Iberdrola plans to build a new 162MW photovoltaic park in Gilliam County, considered the largest solar installation in the state of Oregon. The development of the project will be guaranteed through a PPA agreement signed by Iberdrola, through its subsidiary Avangrid Renewables, to supply the ‘utility’ Portland General Electric (PGE).
Iberdrola owns assets in the US valued at about US$34 billion and operates in 24 states. The company has two main lines of business in the US: Avangrid Networks and Avangrid Renewables. It is the owner of eight electricity and natural gas services companies and has more than 3.2 million customers in New York and New England. In renewables, Iberdrola, through Avangrid owns and operates 7.3GW of installed capacity and has presence in 22 states.
Shell to Build 120MW Photovoltaic Park in Australia
Shell Energy Australia has announced plans to build and operate an industrial-scale photovoltaic park near Wandoan in central Queensland, Gangarri Park. The project is expected to be completed in the first half of 2021. Shell's plan is for photovoltaic energy to be sold to its Queensland Gas Company Unit (QGC) and purchased by Shell in early 2016. Gangarri's photovoltaic electricity will be, said Shell, complemented with other generation sources to ensure QGC receives stable and reliable electricity.
Certainty and Stability Needed in India
In order to increase both domestic and international investment in India, it is imperative to have policy certainty in regards to energy goals, according to a report published by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report called India’s Renewable Energy Policy Headwinds recommends urgent actions in the renewable energy sector. It states various policy positions that have prevented progress and growth in the country´s renewable and energy sector.