Tag Archives: electricity

New electricity rules to bolster solar market

Distributed generationIt’s hard to imagine that nearly seven years have passed since we published our last post on net metering in Mexico, but maybe it shouldn’t be surprising considering how painstaking and fraught with challenges the move toward energy market liberalization has been.  For generations, production and sale of electricity in Mexico was reserved for the state and carried out principally by the public enterprise Federal Electricity Commission (CFE).  The current administration’s 2014 energy sector reform, however, sought to modernize energy markets across various sectors such as oil, gas and electricity.  In the electricity market, the proposed changes include not only permitting private companies to generate and sell electricity, but to permit and incentivize distributed generation by independent small-scale producers.  Now, regulatory changes published over the past two months appear to mark an important step forward toward the development of a smart grid and distributed generation. Continue reading New electricity rules to bolster solar market

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Cement: Mexican cement producer Elementia plans investment of approximately US$200 million this year in various operations including its plant in the central state of Hidalgo. Resources will support plant expansion and maintenance activities. (Reforma, February 25, 2016)
  • Aluminum: Mexico’s Grupo Vasconia industrial group will invest approximately US$14 million this year to expand its aluminum production capacity in Mexico, the company reported. Vasconia seeks to double production volume over the next five years to supply the domestic automotive industry. (El Financiero, February 22, 2016)
  • Packaging: U.S. jar and can maker Ball Corp. inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The plant is expected to produce principally metal containers for beverage and food products. (El Financiero, February 24, 2016)
  • Electricity: Spanish renewable energy developer Acciona is projecting investment of approximately US$500 million through 2020 in clean energy projects under Mexico’s electricity sector reform. The company is evaluating generation projects using wind, solar and other renewable energy sources. (Reforma, February 25, 2016)
  • Dairy: Mexican dairy products producer Grupo Lala announced plans to establish a milk production plant in the northwestern state of Sonora. The US$19 million site would become the company’s 24th production facility in the country. (Reforma, February 22, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$68 million in its international airport at the northeastern industrial city of Monterrey over the next five years, the company reported. Projects are expected to include modernization of infrastructure, technology upgrades and improvements to cargo handling and security systems. (El Financiero, January 21, 2016)
  • Composites: French aerospace manufacturer Safran plans to establish a new materials production plant in the central state of Querétaro, the state government reported. The US$100 million facility is expected to produce composite materials for rotor blades. (El Financiero, January 21, 2016)
  • Retail: U.S. DIY retailer The Home Depot plans investment of approximately US$80 million in Mexico operations in 2016, the company reported. Expansion plans include six new stores in the country, where the company projects double-digit sales growth this year. (Reforma, January 20, 2016)
  • Electricity: Mexican industrial conglomerate Grupo México is projecting investment of US$1 billion to expand its electricity generation capacity following the opening of the Mexican electricity market this month. The group currently operates two combined cycle plants and a wind park, and is evaluating the addition of natural gas-powered combined cycle plants, as well as solar and wind generation facilities going forward. (Reforma, January 20, 2016)
  • Automotive: Germany-based industrial conglomerate Thyssenkrupp will build two new manufacturing plants in Mexico at an estimated cost of US$125 million, the company announced. One site in the southern state of Puebla is planned to produce steering systems for Volkswagen, and a second site in the central state of Guanajuato will produce camshafts. (Reforma, January 21, 2016) Continue reading Recent and upcoming investment in Mexico