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Rescooped by Mark Perry from Renewables Mexico
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Mexico’s 2012 clean energy investments reached $1.9 billion, up 595% year over year

Mexico’s  2012 clean energy investments reached $1.9 billion, up 595% year over year | Latin American Solar | Scoop.it

Some $4.6 billion of clean energy investments were made in Latin America (excluding Brazil) in 2012, a whopping 127% increase from 2011, according to figures released in advance of the third annual Renewable Energy Finance Forum – Latin America & Caribbean (REFF-LAC), which is being held in Miami this week.

 

In sharp contrast to the strong gain in Latin America clean energy investments, new clean energy investments fell 11% year over year globally, from $302.32 billion in 2011 to $268.69 billion, according to the latest report from Bloomberg New Energy Finance (BNEF). The global decrease was the first fall in renewable energy financing recorded by BNEF since it began collecting data.

 

LatinAmerica was a bright spot amid an overall decline in global renewable energy financing in 2012. Four countries experienced triple-digit clean energy investment growth

 

- Mexico’s total new financial investments in clean energy for 2012 reached $1.9 billion, up 595% year over year

 

- New financial investments in clean energy totaled $1 billion, up 313% from $246 million in 2011

 

- Uruguay’s total new investments in clean energy reached $105 million, a 285% year-over-year increase

 

- Total clean energy investments in Peru reached $643 million, a 176% increase from $233 million in 2011.

 

By dollar amount, Brazil actually led the Latin America & Caribbean regionwhen it came to total clean energy investments. Some $5.17 billion of capital was invested in clean energy in South America’s largest nation in 2012, according to BNEF. Mexico ($1.998 billion) and Chile ($1.018 billion) ranked second and third, respectively.

Turning to 2012, LatAm-Caribbean investments in clean energy sectors, biomass and waste attracted the most capital ($822.34 million), biofuels followed ($539.47 million), and geothermal ranked third ($76.69 million), BNEF found.

 

“The increased investments in non-Brazil Latin America was driven by increased activity by the Inter-American Development Bank,” Maria Gabriela da Rocha Oliveira, BNEF’s head of Latin America Research and Analysis, was quoted in a press release. “Additionally, European players, both project developers and manufacturers, have become more active in the region given grim conditions at home.”


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Rescooped by Mark Perry from Renewables Mexico
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Mexico Renewable Energy Outlook Promising

Mexico Renewable Energy Outlook Promising | Latin American Solar | Scoop.it

When it comes to renewable energy investments, Mexico is at the forefront for foreign investors who are looking to manufacturing in Mexico while the country moves to more solar and wind projects. In fact, the renewable energy movement in Mexican manufacturing is huge when it comes to how this country is pursuing power sources other than fossil fuels. Also, there are recent U.S. and United Nations studies that points to Mexico leading the way in developing more "green" energy programs.

Mexican Manufacturing Goes Green
At a time when manufacturing in Mexico is booming, there is an associated trend for the country to spend more on natural energy projects to help boost the overall production and sales of clean-energy technologies and processes.

Moreover, the UN Environment Program (UNEP) praised Mexico for its processes for creating more low-carbon green energies that is designed to make the country more focused on green energy manufacturing both today and in the future. The UNEP also stated in a news release how Mexico is jumping on this global trend to go “green” with the development of more solar and wind manufacturing and technology performance.

Mexico Surges in Green Energy Investment
The UNEP report on regional surges in green energy investment pointed to spending growing steadily in Mexico as investments continue to pour in from the U.S. and other foreign countries that understand the importance of emerging economies when it comes to cost-competitiveness for wind and solar power manufacturing. In fact, a U.S. Department of Energy report notes how investments in environmentally friendly energy sources are shifting to developing nations such as Mexico with its energy grid construction that is also providing huge investment openings for U.S. and other foreign company investment.

For instance, Mexico has an international reputation as an energy producer. However, the country is moving away from just focusing foreign investments on its vast natural oil reserves. In turn, Mexico is presenting investors with an opportunity to invest in its new energy grid construction projects that are powered by wind and solar sources over previous methods that focused more on oil and other fossil fuels.

Promoting Solar Resources in Mexico
Mexico’s government has been at the forefront in the trend to reduce carbon emissions by more than 30% during the current decade, states information from the country’s energy agency that is currently promoting the development of wind and solar power sources to meet the country’s growing electricity requirements.

Another aspect of Mexico’s planning for more natural energy investments and partnerships is linked to a plan that will export surplus energy produced in Mexico to nearby partners in the U.S. In turn, this Mexico – U.S. natural energy partnership is spawning new interest for overseas investors who view the exporting of energy as a lucrative new green market for investment.

Overall, Mexico continues to be at the cutting-edge when it comes to the development of solar and wind energy sources and other renewable resource programs.


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Rescooped by Mark Perry from Renewables Mexico
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Mexican solar market offers tantalising prospect to US companies

Mexican solar market offers tantalising prospect to US companies | Latin American Solar | Scoop.it

Solar investors in the US and further afield would really love to get their hands on Mexico's solar market: great resource on cheap desert land located squarely in the southern sun-belt. Some experts estimate that it would only take PV panels spread over just 25km2 of land in Chihuahua or the Sonoran desert to supply Mexico’s electricity demand.

 

National legislation to reduce carbon emissions 30% by 2020 and constrained natural gas supplies are pushing companies to renewable choices like never before. There is only one utility company to deal with, the state-owned Comisión Federal de Electricidad (CFE).

 

And its nearest neighbour is a guzzler of imported electricity and already linked through the Western Electricity Coordinating Council.

 

Electricity trade between the United States and Mexico started in 1905, when privately owned utilities located in remote towns on both sides of the border helped "balance" electricity demand with a couple of low voltage lines, according to the US Energy Information Agency.

 

Since 2006, Mexico has been a very small net exporter of electricity to the US. But electricity imports will likely boom after the Department of Energy granted a permit to a subsidiary of Sempra International for a 230-kilovolt (kV) transmission line that will carry electricity from a Mexican wind farm to the California market.

 

Meanwhile, Baja California is the location for Latin America's largest solar installation to date, a 30MW project to be completed by the end of this year.

When US president Barack Obama met Mexican president Enrique Peña Nieto earlier this month, renewable energy was firmly on the agenda (along with gun control, economic cooperation and illegal drugs).

 

Unlike the US, however, Mexico even has an energy policy. The freshly minted National Energy Strategy 2013-2027 agreed only in April estimates that 6GW of solar energy could be developed by 2020.

 


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Nico Johnson's curator insight, May 23, 2013 12:18 PM

It's taking a long time for media to catch on, but here we go.

See you in Mexico

 

Rescooped by Mark Perry from Renewables Mexico
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Mexico Energy Grid Construction Provides Opportunity for Foreign Companies

 

While Mexico has long been an energy producer thanks to its plentiful oil reserves, foreign investment in its energy market has been rather difficult due to the fact that the oil industry was nationalized and is now under the thumb of PEMEX, the Mexican oil monopoly. At first glance, this might mean that when private investors from abroad see that there’s going to be some energy grid construction in Mexico, they might not get too excited.

However, there’s a very good reason why foreign companies should get excited about this planned energy grid construction that’s happening in the country south of the United States:  this energy grid will be powered by solar resources, not fossil fuels.

 

The solar market in Mexico is located on cheap land that’s right in the middle of the southern sun-belt in the desert states of Chihuahua and Sonora; furthermore, the area receives so much sun that some experts are saying that a small patch of land (25 square kilometers) will provide sufficient solar power to supply all of Mexico’s electricity needs.

 

Because legislation has been passed in Mexico’s government to reduce carbon emissions by 30% in the next seven years, companies have been switching over to renewable energy resources.  Natural gas in Mexico is in limited supply, so there’s been a big push to develop solar power.

 

But what does this mean for foreign companies?  Well, first of all, Mexico is planning on making the grid far bigger than it needs to be to meet present demand so that surplus energy produced can be exported to the United States.  The U.S. has been described as a “guzzler of electricity”, and during U.S. president Obama’s recent visit to Mexico City, the American head of state spoke of energy partnerships between the two neighbors.

This means that companies that specialize in cross-border transport infrastructure will have a lucrative market exporting energy from the solar fields in Mexico to the United States.

 

Furthermore, PEMEX doesn’t control renewables, and there is only one utility to deal with, the CFE (Comisión Federal de Electricidad).  This means that independent companies that produce solar power can set up shop in Mexico and start contributing towards the grid.


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