Energy
CFE saves more than US$6 billion by negotiating gas pipelines
MEXICO – As a result of the renegotiation of contracts for the sale of natural gas through pipelines of private…
X-Elio to build a 199 MW photovoltaic plant in Mexico
VERACRUZ – X-Elio, a renewable energy group, has closed a US$44.1 million deal with International Finance Corporation (IFC), a member…
IEnova solar park starts operations in Juarez
JUAREZ – The energy company IEnova started up its largest wind farm, “Border Solar”, in Ciudad Juarez, with the capacity…
Mexico acquires 50% of Houston’s Deer Park
HOUSTON – President Andres Manuel Lopez Obrador announced that Pemex has closed the purchase of the Deer Park refinery in…
ACCIONA to invest US$163 million in Baja California
LOS CABOS – ACCIONA will invest a total of US$163 million to build a desalination plant in Los Cabos, Baja…
Ganfeng Lithium Ltd seeks to acquire 100% of Bacanora Lithium’s shares
SONORA – Chinese company Ganfeng Lithium Ltd., one of the largest lithium producers in the world, is interested in acquiring…
PetroBal acquires US$250 million loan in Mexico
MEXICO – PetroBal, a Mexican oil company subsidiary of Grupo Bal, closed a US$250 million loan to continue financing part…
Enel Green Power starts operations in Nuevo León
NUEVO LEON – Enel Green Power began operations at the 269 megawatt (MW) Dolores wind farm in the municipality of…
Mexican meat exports rise amid the COVID-19 pandemic
MEXICO – Between January and May, Mexican exports of beef, pork and chicken registered record figures, driven by higher demand…
Puebla launches energy plan and expects the arrival of a US$2 billion investment
PUEBLA — The Puebla government just announced an energy strategy, with which it expects to attract investments that amount to…
AMDEE estimates a US$1.3 billion investment for wind energy in Mexico
MEXICO CITY — The Mexican Energy Association (AMDEE) announced that for this year, wind energy will have an estimated investment…
Grupo Bimbo invests US$150 million in Mexico
AZCAPOTZALCO — Grupo Bimbo, the largest bakery in the world, announced the creation of 4,000 electric vehicles for the next…
Iberdola to build two new wind farms in Puebla and Guanajuato
MEXICO — The Mexican electricity market has gained appeal in recent years; it has diversified the sources of generation, has…
British company BP to invest US$1 billion in Tabasco
PARAISO —The first agreements and investments of the private sector in energy matters began to materialize since the British oil…
