Posts Tagged Renewable energy

Recent and upcoming investment

Reports on some recent and upcoming investment collected from the local business media:

  • Beverage:  Mexican beverage giant and retailer FEMSA announced plans for US$750 worth of investment this year.  The lion’s share of the funds will go toward upgrades and expansions of bottling plants, while the remainder will support the company’s Oxxo chain of convenience stores.
  • Automotive:  Chinese autoparts maker Minth opened a manufacturing plant in the northern state of Aguascalientes.  The plant, representing a total investment of US$16 million, is planned to supply molding and interior components to Nissan, Ford, Chrysler and Fiat plants in Mexico.
  • Mining: Mining companies operating in Mexico will invest a combined US$13.8 billion through 2012, according to the Mexican Mining Chamber (Camimex).  The chamber projected that expansions and upgrades of operations in mining zones will contribute toward improvements in roads, electrification, potable water and other basic infrastructure in the areas. Read the rest of this entry »

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Great leap forward near for net metering?

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Be the first on your block

Mexico’s progress in making greater use of renewable energy sources has long been shackled by regulatory restrictions on independent energy generation by private enterprises and citizens.  This, of course, has much to do with the histrionics of political sectors that oppose energy reform for reasons wholly unrelated to energy, but that’s another topic.  It’s a fundamental problem of, as we say in Mexico, “ni picha, ni cacha, ni deja batear.”  The resources of the Federal Electricity Commission (CFE) are far too stretched to finance a wide range of innovative alternative generation projects, particularly at the micro level, but regulation has largely prevented anyone else from generating electricity, even for their own consumption.  Some furtive steps toward modernization of the regulatory framework fortunately have been taken in recent years.  One such step, introduced almost surreptitiously in 2007, was the Interconnection Contract for Small-Scale Solar Energy Sources, which permitted private generation of up to 10kw for residential use and 30kw for general low tension use.  Although the practical impact of this regulatory innovation was virtually nonexistent, it is significant nonetheless in that it represents Mexico’s first toe-dip in the waters of net metering for private electricity generation.  Now, however, the government has taken another important step forward toward clearing the way for wider use of net metering for private electricity generation. Read the rest of this entry »

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Recent and upcoming investment

Reports on some recent and upcoming investment collected from the local business media:

  • Automotive:  Nissan and Volkswagen have announced plans to begin production on new models in Mexico this year, expanding current production.  Nissan will build a new compact model at its Aguascalientes plant, in addition to adding production of its new Micra model also at the Aguascalientes location.  Volkswagen will launch production of a mid-size sedan as well as new models of the Beetle and Jetta at its Puebla facility.
  • Electronics: Electronics industry leaders Samina-SCI and Hewlett Packard have announced plans to expand operations this year in Jalisco state, site of Mexico’s leading electronics cluster.  Sanmina projects investment of US$10 million in new machinery and equipment for manufacturing, and Hewlett Packard is investing US$5 million in infrastructure upgrades to expand staff at its Center of Excellence in Guadalajara.
  • Manufacturing: Danish cleaning equipment manufacturer Nilfisk opened a US$10 million facility in the central state of Queretaro.  The new plant will produce industrial cleaning machines.
  • Airports: Airport operator Grupo Aeroportuario del Pacifico announced planned investment of approximately US$42 million for this year in infrastructure upgrades.  Of the group’s 12 airports in Mexico, those at Guadalajara and Los Cabos are slated to receive the largest share of the upgrade investment. Read the rest of this entry »

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