Tag Archives: Renewable energy

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pharmaceutical: Mexican drug maker Chinoin invested US$12 million to boost production capacity at its plant in the central state of Aguascalientes, the company reported. Upgrades included acquisition of latest-generation laboratory testing equipment and construction of a new specialized building for the facility’s microbiology laboratory. (Reforma, July 28, 2017)
  • Automotive: U.S. auto maker Ford reported plans to invest approximately US$56 million to remodel its network of sales distributorships in Mexico. Upgrades for the 127 sales locations include WiFi, community centers and areas for viewing new models of sports cars. (El Financiero, July 28, 2017)
  • Wind power: Danish wind turbine maker Vestas, in conjunction with U.S. turbine blade producer TPI Composites, announced plans to construct a blade manufacturing plant in the northeastern state of Tamaulipas. The amount of investment was not specified for the plant, which is expected to produce blades for the V136 model turbine. (Reforma, July 20, 2017)
  • Automotive: German electronics and engineering multinational Bosch plans to open a new plant this year in the central state of Querétaro, the company reported. The US$80 million facility will produce automotive steering columns for regional OEMs such as Volkswagen, General Motors, Mazda, Honda and Toyota. (El Financiero, July 11, 2017)
  • Fuel storage: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, was awarded a concession to construct a fuel storage facility in the Gulf port city of Veracruz. The US$115 million site is planned to handle gasoline, diesel and aviation fuel. (El Financiero, July 13, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: A consortium led by Japanese steel products manufacturer Kobe Steel inaugurated a new manufacturing plant in the central state of Guanajuato, local media reported. The US$33 million facility is planned to produce  cold-heading quality steel wire. (Unión Guanajuato, October 11, 2016)
  • Automotive: Japanese auto maker Toyota announced it will invest US$150 million in its manufacturing plant in the northwestern state of Baja California. Manufacturing processes will be upgraded and expanded to boost production of the Tacoma pickup truck by 60%. (El Financiero, October 24, 2016)
  • Renewable energy: UK-based infrastructure developer Cubico Sustainable Investments plans investment of approximately US$700 million in Mexico over the next two years. The company was awarded two contracts in a recent Mexico auction to construct a wind farm and a solar power generation plant. (Reforma, October 11, 2016)
  • Industrial parks: The members of the Mexican Industrial Parks Association (AMPIP) expect to invest up to US$7 billion to develop new industrial parks through 2018, the organization announced. Trends such as the need for strategic fiscal warehousing and special economic zones are driving expansion, according to AMPIP. (Reforma, October 7, 2016)
  • Hospital equipment: Japanese bed producer Paramount Beds plans to establish a new manufacturing site in the central state of Querétaro, the Querétaro government reported. The US$3.5 million facility will produce specialized beds for hospitals and home patient care. (Visión Industrial, October 12, 2016) Continue reading Recent and upcoming investment in Mexico

Biomass projects developing in shadow of energy reform

High test
High test

Mexico’s 2014 energy industry reform generated a great deal of interest among foreign energy companies eager to participate in the the newly opened sector. Although most of the media coverage has focused on oil exploration and extraction, proponents of non-fossil-based fuels are hoping that the regulatory changes will spur growth in renewables as well.

In 2012, Mexico became one of the first countries to pass a national climate change law, setting ambitious targets for emissions reductions by 2020. Despite the legal directives, renewable energy development has been largely slow to galvanize, with most new investment channeled into wind power. While media coverage has focused on high cost mega-projects such as wind farms in the south and a small number of large scale solar plants in the north, proponents of biomass energy are working hard to develop some important new projects in this area. Continue reading Biomass projects developing in shadow of energy reform