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Mexico suffers another day of rolling blackouts due to storm in Texas

The export-oriented National Council of the Maquiladora Industry said hundreds of plants perhaps as many as 1,600 were shutting down due to the lack of power Freezing weather in Texas led to a chain of events that left almost 5 million households and businesses in northern Mexico without power Mexican authorities announced Tuesday that rolling […]

Citigroup Forms Energy Transition Group Within Investment Banking

IEA launches global group to tackle fallout from energy transition

Birol said he was optimistic the new U.S. administration would join other major economies in committing to a net zero emissions target by mid-century. President Biden has temporarily suspended the issuing of permits for oil and gas drilling in federal acreage, reversing the direction taken by his predecessor Donald Trump who had sought to maximise […]

Global Electricity Review 2021

Mexico to investigate officials over electricity contracts

  MEXICO CITY: The Mexican government will investigate allegations that officials at state power firm the Comision Federal de Electricidad (CFE) signed fraudulent contracts with private energy companies, President Andres Manuel Lopez Obrador on Wednesday. The contracts were signed before the leftist president took office. He had already ordered formal complaints to be drawn up […]

Citigroup Forms Energy Transition Group Within Investment Banking

Mexico to reply this week to Canada, EU worries over new electricity rules: minister

  MEXICO CITY: Mexico will this week respond to Canadian and European Union concerns about its new electricity regulations, Energy Minister Rocio Nahle said on Monday, adding that the rule changes were designed to guarantee system reliability. Nahle was speaking on Mexican radio. The European Union and Canada on Friday both wrote letters to the […]

Italy’s ERG Pledges 2.1 Billion Euros to Become Pure Green

Solis Powers 4MWs of Solar for Walmart in Mexico

  High-efficiency Solis 60kW advances retail giant’s green goals Zhejiang, China and Mexico City, Mexico: Ginlong Technologies (Stock Code: 300763.SZ), a global leader in photovoltaic string inverter manufacturing, has fitted eight new solar systems at Walmart stores across Mexico with a total installed capacity of 4MWs. Providing 99% efficiency, the high-performing Solis 60kW inverter delivers safe […]

Sungrow to Construct Malawi’s First Solar Plus Storage Project

Mexico’s Green Sovereign Bonds to Be Welcomed by Investors

Mexico will begin an investor roadshow on February 24 Investor appetite for higher-yielding green bonds is high Mexico’s debut in the green bond market may be well-received by investors hungry for environmentally and socially conscious debt. After Chile sold long-dated dollar- and euro-denominated green bonds paying a record low yield last month, Mexico will hold […]

Sungrow to Construct Malawi’s First Solar Plus Storage Project

Mexico’s President Vows to Review Subsidies for Wind, Solar

Mexican President Andres Manuel Lopez Obrador said authorities will review some government wind and solar contracts to determine if companies are improperly subsidized. “People were deceived for a long time by being told that subsidies for electric power were for consumers — but no,” Lopez Obrador said Wednesday during his daily press conference. “The biggest […]

Citigroup Forms Energy Transition Group Within Investment Banking

Mexico’s Renewable Power Suppliers Face Risks Under Grid Proposal

Mexico’s Federal Electricity Commission is proposing to cancel some contracts and eliminate discounts on transmission costs for power generators to use its network, dealing the latest blow to Mexico’s budding private renewable energy market. CFE, as the state utility is known, is seeking to eliminate 50% discounts on transmission costs for so-called legacy permits granting […]

Citigroup Forms Energy Transition Group Within Investment Banking

Mexico’s Clean Energy Sector Gets Court Win on Renewable Credits

  Mexico’s clean energy industry was handed a big win on Thursday after a federal court reversed an earlier decision on a renewable credits rule change that critics said would have been damaging to the sector. After clean energy companies, including American power generator AES Corp. and Italian utility giant Enel SpA, filed for injunctions […]

Citigroup Forms Energy Transition Group Within Investment Banking

Mexico’s Latest Hit to Energy Investors Upends Wind, Solar Aid

Mexico’s president is upending a system to encourage renewable-power development, dealing another blow to efforts to attract private investment to the nation’s energy sector. The government of Andres Manuel Lopez Obrador is changing rules for clean-energy credits, allowing aging hydroelectric dams operated by Mexico’s state-owned utility to qualify. The move, critics say, dilutes the value […]

Citigroup Forms Energy Transition Group Within Investment Banking