Tag Archives: Wind power

Retrograde electricity reform upsetting the neighbors

We have commented before in this space about President López Obrador’s relentless campaign to dismantle the previous administration’s energy sector reform that cleared the way for participation by private companies.  For us, the historic reform was akin to throwing open the door to an attic that had been locked for years with a dead body inside (Pemex, in this case) to finally let in fresh air.  Most of the ham-fisted maneuvers by the president and his enablers in the Mexican Congress have been at least temporarily blocked by legal challenges, including at the Supreme Court level.  Undeterred, Mr. López Obrador (AMLO) launched his latest and most ambitious salvo this past week, ramming through the Chamber of Deputies via fast-track a reform of the current electricity law granting advantages to the state-owned former monopoly Federal Electricity Commission (CFE) at the expense of privately financed electricity generation plants. Continue reading Retrograde electricity reform upsetting the neighbors

Mexico unmoved by this trendy clean energy thing

We read in Morning Brew today that the International Energy Agency (IEA) is projecting that renewables will surpass coal as the primary source of energy generation by 2025.  The Brew item actually says solar but the original Reuters story it links to says renewable sources.  Either way, the growing importance of solar and other renewable energy sources combined with the tenuous outlook for fossil fuels continues to cast a dark shadow over President Andrés Manuel López Obrador’s campaign to prop up Mexico’s insolvent state oil company, Petróleos Mexicanos (Pemex).   The entire world is innovating and expanding generation capacity in clean, renewable energy, and the Mexican government is out here trying to get people to use more diesel.  Absolute face palm. Continue reading Mexico unmoved by this trendy clean energy thing

Mexican economy not 100% dead just yet

Mexico continues to struggle to contain the spread of COVID-19, with over 400,000 accumulated cases and 46,000 deaths.  Mexico City remains at orange, the second highest level of alert under the national traffic light system for establishing economic and mobility restrictions, and the rest of the country’s 32 states are at either red, the highest alert level, or orange.  The level of business activity remains substantially reduced with respect to pre-COVID levels and no significant improvement is foreseeable in the near term. Continue reading Mexican economy not 100% dead just yet