Will Mexico’s Record-Breaking Solar Prices Pencil Out?

02/08/2018 Greentech Media

Nellis_AFB_Solar_panelsTwo years after a major energy reform effort, Mexico’s auctions are bringing in the lowest solar prices in the world. But getting those projects financed and built will still be a challenge.

Below, we answer the most pressing questions about Mexico’s solar prospects.

GTM is headed to Mexico City next week to discuss how the country can ensure sustainable and healthy solar growth. Our Solar Summit Mexico will address the status of market reform, the economics of record-low bids, financing challenges for big and small projects, currency risk, and the future policy.

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Mexico’s Cemex eyes capital raise for new investment

02/08/2018 Reuters

CEMEX
Client: Cemex Location: Dominican Republic Operations Date: November 2007 Photo: Mark Green/mgp2.com

Mexican cement maker Cemex aims to raise capital for potential investments by issuing shares, it said on Thursday, adding that it does not anticipate making more divestments to reduce debt.

Cemex Chief Executive Fernando Gonzalez said in a conference call with analysts that the company would not use new capital to pay down debt.

The Monterrey-based company, which is fighting to regain its investment-grade credit rating, posted a fourth-quarter net loss of $105 million on Thursday.

In the fourth quarter it reduced its debt plus perpetual notes by $209 million to a level 13 percent lower than end-2016.

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Guadalajara’s bike-share scheme is transformed by artificial intelligence

02/07/2018 Intelligent Transport

pexels-photo-210095.jpegStage Intelligence, a provider of bike-share scheme management solutions, has been selected by BKT bicipública, a Central American bike-share operator, to deploy its BICO bike-share management platform.

BKT operates the bike-share scheme in Guadalajara and will use the artificial intelligence (AI) based platform to offer citizens an optimised rider experience with the aim to expand their scheme.

This is the first time AI will be used in a bike-share scheme in Mexico and BICO will enable BKT to rapidly and efficiently distribute cycles across the city and ensure that riders have bikes and docks available when and where they need them.

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Mexican Authorities Warn Cryptocurrency Offerings Could Be a Crime

12/13/2017 Reuters

technology-785742_960_720MEXICO CITY (Reuters) – Mexico’s finance ministry and central bank warned on Wednesday that cryptocurrencies were risky investments and said fundraising programs known as initial coin offerings (ICOs) could potentially violate Mexican financial law.

Amid the growing popularity of cryptocurrencies such as bitcoin, the authorities together with banking and securities regulator CNBV said in a statement such currencies are not officially recognized in Mexico as a legal form of payment.

To date there have been no initial coin offerings originating in Mexico, the statement said.

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Exclusive: Uber’s Chinese Rival Didi Chuxing to Enter Mexico Next Year-Sources

12/07/2017 New York Times

uber2MEXICO CITY/SAN FRANCISCO — Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.

Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.

Didi has no cars outside China, meaning Mexico could be its first international operation.

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Walmex Expands Wi-Fi in Mexican Stores, Pushing Online Shopping

12/07/2017 New York Times 

Image result for walmart
Credit: Walmart.com

MEXICO CITY — Wal-Mart de Mexico said on Thursday that it will install Wi-Fi throughout all but one of its chains in Mexico by next summer, in an attempt to collect user data and drive online sales by familiarizing shoppers with technology.

Walmex, as the retailer is known, will bring the service to every store except warehouse-style Bodega Aurrera Express by mid-2018, said Gaston Wainstein, Walmex’s senior vice president of real estate development.

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Mexico bristles at U.S. proposal that would benefit AT&T in NAFTA

2825619602_71cb76b810_b11/15/2017 Reuters 

MEXICO CITY  – Mexico shot down a proposal by the United States to include provisions in the North America Free Trade Agreement that would benefit AT&T Inc (T.N), Mexico’s Economy Minister Ildefonso Guajardo said on Wednesday.

“AT&T, which is North American, asked its government to reflect its interests in the negotiation,” Guajardo said in an interview on local radio without specifying the details of the U.S. proposal. “You cannot have an agreement… that gives a tailor’s cut, a perfect handiwork, to a specific company.”

AT&T and the U.S. Trade Representative’s office declined to comment.

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