New Publication: Renewable Energy in Mexico’s Northern Border Region

April 28, 2015

Renewable EnergyHeavy reliance on fossil fuels is a common theme across the Mexican Northern Border States with the notable exception of Baja California (which gets over 30% of its public service electricity from the Cerro Prieto geothermal plant). Despite abundant wind, solar and bioenergy resources, Northern Mexico has yet to fully embrace the energytransition, but this could rapidly change in the next few years.

Mexico’s recent Energy Reform, which included modifications to the Constitution in December 2013 and a comprehensive package of implementing legislation on August of 2014, represents a fundamental transformation of the sector. For renewable energy, the major opportunities are related to the creation of a new electricity market and the introduction of Clean Energy Certificates. In the new market, the National Center for Electricity Control
and Dispatch (CENACE) will be fully independent of Mexico’s Federal Electricity Commission (CFE), thus allowing for a more transparent wholesale electricity market in which users above a set consumption threshold will be allowed to freely switch between generators. Mexico has already committed to produce 35% of its electricity from clean sources by 2024.

This publication “Renewable Energy in Mexico’s Northern Border Region” analyzes the current renewable energy situation in the north of the country, discusses potential resources that could be used for electricity generation from renewable sources, and provides policy recommendations to increase the use of renewables in the energy sector and to achieve long-term energy sustainability.

Download the publication here. 


Upcoming Event: The Future of Renewable Energy and Climate Change Policy in Mexico

April 22, 2015

environment - energy - light bulb with paddy riceWHEN: Tuesday, April 28th, 9:00am-10:30am

WHERE: 5th Floor Conference Room, Woodrow Wilson Center

Click here to RSVP.

Mexico’s recent Energy Reform marked a big change in terms of investment and opportunities in oil and gas. However, the comprehensive package of legislation was also aimed to incentivize and accelerate the change towards the production of goods and services based on renewable energies. Mexico has great potential to develop a wide range of renewable energies including solar energy, hydroelectric, geothermal, bioenergy, and wind energy.

What’s more, in March of this year, Mexico became the first developing nation to formally promise to cut its carbon emissions, a potential milestone in efforts to reach a worldwide agreement on tackling climate change. Together with the United States’ commitment to cut emissions by 26-28%, Mexico’s commitment to a 25% reduction by 2030 builds on legislation passed by the nation’s congress to reduce emissions and generate more electricity from renewable sources.

With these developments in mind, the Wilson Center’s Mexico Institute is delighted to host Mexico’s Under Secretary of Energy Planning and Transition, Leonardo Beltrán, who will speak on both Mexico’s energy reform process and the prospects for renewable energy and carbon gas emissions reductions. At the same time, we are proud to launch our new publication “Renewable Energy in Mexico’s Northern Border Region,” which analyzes the current renewable energy situation in the north of the country and potential opportunities to engage in a productive relationship with the private and the public sectors in the United States. Jonathan Pinzón, one of the report’s authors and the Chief Operating Officer of GreenMomentum, will present the report’s findings and discuss the current state of renewables in Mexico. Our event will also feature comments from Hector Castro Vizcarra, the Embassy’s Minister for Energy Affairs.

Speakers

Leonardo Beltrán Rodríguez
Under Secretary of Energy Planning and Transition, Mexico’s Ministry of Energy

Hector Castro Vizcarra
Representative of the Secretariat of Energy (SENER) to the Embassy of Mexico in the United States

Jonathan Pinzón
Chief Operating Officer, GreenMomentum

Moderator

Duncan Wood
Director, Mexico Institute, Wilson Center

Click here for more information.

A live webcast will be available here


Mexico: Latin America’s Renewable Energy Renaissance

February 10, 2015

2/9/2015 Power Finance & Risk

environment - energy - light bulb with paddy riceIn contrast to unpredictable renewable energy policies in the U.S. and the European Union, Mexico has emerged as a lightning rod for renewable energy investment. As renewable energy investors assess changing global opportunities, Mexico continues to offer numerous stable investment prospects. Mexico’s investment-grade credit rating provides potential investors one of the few high-grade investment environments in Latin America. Additionally, the sharp reduction in contracted large-scale renewable energy opportunities in the U.S. and Europe has catalyzed recent interest in Mexico.

Read more…


Abengoa Signs 1.4 Billion-Euro Syndicated Loan to Refinance Debt

October 2, 2014

10/01/14 Bloomberg 

globe - blueAbengoa is the biggest developer of solar-thermal power plants and is building the El Zapotillo aqueduct in Mexico, one of the world’s largest water projects. Its projects include renewable energy, power transmission and waste-to-energy plants. Its $721 million yieldco was listed in the U.S. in June.

Read More… 


California Leading on Emissions as Brown Signs New Laws

September 24, 2014

09/23/14 Bloomberg 

EarthBrown signed a bilateral pact with Mexico in July to boost cross-border investments in renewable energy, biofuels and other clean energy technologies. Last year, he traveled to China, the world’s top carbon polluter, and signed an agreement to bolster climate-change cooperation.

Read More… 


Gravity’s Cuarón challenges Mexico’s Peña Nieto over energy reforms

April 29, 2014

environment - energy - light bulb with paddy riceThe Guardian, 4/28/14

The film-maker Alfonso Cuarón, riding high after winning this year’s best director Oscar, has launched into political activism in his Mexican homeland by throwing down the gauntlet to the president.

The London-based director of Gravity published a full-page advertisement in Mexican newspapers on Monday addressed to President Enrique Peña Nieto and demanding answers to 10 questions about the country’s controversial energy reform.

Cuarón explains his advertisement as a response to an interview the president gave two months ago dismissing the director’s earlier low-key public expressions of opposition to the reforms as the result of ignorance about its benefits for the nation.

Read more…


Greenpeace urges Mexico to promote renewable energy

April 24, 2014

environment - energy - light bulb with paddy riceFOX News Latino,  4/24/14

Greenpeace protesters at a conference in this capital urged the Mexican government to promote renewable forms of energy to reduce greenhouse-gas emissions.

Holding up a banner reading “More Renewable Energy, Less Oil,” the Greenpeace activists tried to interrupt Energy Secretary Pedro Joaquin Coldwell’s speech at the second edition of Mexican state oil company Petroleos Mexicanos’ ExpoForo event, which ends Thursday.

Security personnel responded by removing the activists from Mexico City’s Banamex convention center, where the gathering is being held, Mexican financial daily El Economista reported.

Read more…


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