Tag Archives: Solar power

August brings scandal to distract from COVID woes

After five months of restrictions on mobility and economic activity, in addition to measures to inhibit contagion, Mexico remains in the grip of the COVID-19 pandemic.  Some signs of optimism are emerging nonetheless.  Among Mexico’s 32 states, 10 have now been classified as yellow under the national traffic-light system governing the severity of restrictions, with yellow being the least strict before returning to green, or no restrictions.  The other 22 states, including Mexico City, remain at orange, which imposes significant barriers to full economic activity.  The national rate of new cases per day has declined slightly over the second half of August.  The impact on employment and industry, however continues to be severe with Mexico on track to register its steepest drop in GDP growth in decades. Continue reading August brings scandal to distract from COVID woes

A little investment, a lot of COVID-19

Reported investment into Mexico has dropped way off during the COVID-19 era, but there was a glimmer over the past month.  Following the update on the pandemic situation in Mexico we provide some examples of economic activity:

COVID-19

The spread of COVID-19 remains strong in Mexico however it has stabilized in some parts of the country.  Mexico currently is ranked 11th in the world among countries with the highest number of accumulated confirmed cases.  Local health officials’ methodology for allowing increased economic activity includes factors such as the rate of increase in the number of cases and the level of occupation of hospital beds.  On this basis, in the past week 18 states have advanced from red, the highest level of alert and restriction, to orange, the second highest.  Fourteen states remain at red, or maximum restriction of economic activities.  States at the orange level, including the capital city, may reopen retail businesses and restaurants at a limited level of capacity in stages during the first two weeks of July.  Offices for most businesses remain closed. Continue reading A little investment, a lot of COVID-19

Mexican energy industry going back to the future under Lopez Obrador

Mexico’s energy industry, long reserved exclusively for state-owned enterprises, began opening up to the private sector following a major reform under President Enrique Peña Nieto (2012 – 2018). During the current administration of President Andrés Manuel López Obrador (AMLO), however, changes are taking place that suggest a return toward government domination of the industry. AMLO has stated his desire to return state enterprises Petroleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) to their former preeminent position in the oil and electricity industries, respectively, and the trends during the first year and a half of his administration appear to be toward shifting the focus of energy production back to fossil fuels and away from solar and wind. The following are examples of some of the changes taking place. Continue reading Mexican energy industry going back to the future under Lopez Obrador