Energy

Global Power Equipment completes sale of production site in Nuevo Leon
Global Power Equipment Group Inc. today announced that it completed the sale of its facility in Nuevo Leon, Mexico, and the auction of the remaining production equipment and other assets for anticipated net proceeds of approximately US$ 3.5 million. Approximately US$ 1.5 million of the net proceeds...
GM ramps up consumption of renewable energy
General Motors announced that all of its Ohio and Indiana manufacturing facilities – including those that build the Chevrolet Cruze and Silverado and GMC Sierra light-duty pickup trucks – will meet their electricity needs through 100% renewable energy next year.  GM made its first wind purchas...
Grupo Bimbo pledges to run 100% on renewable energy worldwide by 2025
Mexican multinational bakery Grupo Bimbo announced it has commitment to use 100% renewable energy for its electricity throughout the world by 2025. The largest baking company in the world is the first firm in Mexico and Latin America to join RE100, a global, collaborative initiative of The Climate G...
Grupo Bimbo to use 100% renewable energy in US operations by 2020
Mexico-based Grupo Bimbo, the world's largest baking company, announced that it has signed a virtual power purchase agreement (VPPA) to receive 100 megawatts of wind energy from Invenergy, North America’s largest independent renewable energy company. The deal is part of a Grupo Bimbo initiative to...
Grupo Infra inaugurates US$ 180 million power plant in Veracruz
Mexican authorities and Grupo Infra officials inaugurated an efficient cogeneration power plant, which implied a US$ 180 million investment in Coatzacoalcos, state of Veracruz. The facility will add 141 MW to the state’s installed capacity. Grupo Infra will use 20% of output on its own production...
Grupo PIASA inaugurates US$ 61 million biomass-based power plant in Oaxaca
Grupo PIASA, a company led by Arca Continental and other bottlers part of the Mexican Coca-Cola Industry, inaugurated in recent days their Electric Power Generation Plant based on biomass in Oaxaca. The facility, capable of generating 50 MW/HR, is Grupo PIASA’s second biomass-based generating pla...
Gulf to expand to the Metropolitan Area of the Valley of Mexico
The U.S. oil company Gulf, which began supplying gasoline in Mexico in 2017, is planning to expand in the country while it also incorporates itself in the energy sector, which is forecast to expand in the next to years. The firm plans to have in operation new service stations in the Metropolitan Zo...
Harvey hits refineries responsible for more than 30% of US processing capacity
Hurricane Harvey’ damage in the Houston area has affected a group of refineries responsible for more than 30% of U.S. processing capacity, according to IHS Markit, a world leader in critical information, analytics and solutions, is releasing periodic updates on the impact of Tropical Storm Harvey ...
Hidrosur builds US$ 60 million fuel storage facility in Yucatan
Hidrocarburos del Sureste (Hidrosur), a Mexican fuels distributor based in Yucatan, in recent days broke ground to build a US$ 60 million storage facility in the port of Progreso, the first hydrocarbon logistics platform in Mexico operated by private capital. CEO Eloy Montanez explained that the pr...
Honeywell to deploy two smart grid projects for Mexico's CFE
Honeywell has been awarded two new regional smart grid projects in Mexico by a consortium appointed by the country's federal electricity company, Comisión Federal de Electricidad (CFE), to manage its smart grid initiatives, the company revealed in a press release. Honeywell's Smart Energy business...
Hybrid-electric car sales skyrocketed 448.4% in Mexico during 2016
Last year, 8,260 hybrid or electric vehicles were sold in Mexico, a 448.4% increase from 1,842 units bought by Mexican consumers during 2015, according to data from the Mexican Automotive Industry Association (AMIA). A total of 7,989 vehicles sold were hybrids, while just 271 featured full electri...
Iberdrola commissions US$ 270 million combined-cycle power plant in Northwest Mexico
Mexico’s state-owned utility company Federal Electricity Commission (CFE) inaugurated in recent days the new 314-megawatt (MW) combined-cycle power plant Baja California III, built by the Spanish energy company Iberdrola. This facility will provide enough power to the state of Baja California, whi...
Iberdrola first solar park in Mexico nearly completed; two more on the way
Representatives of the Spanish electricity company Iberdrola were in Hermosillo, Sonora, to announce that a photovoltaic park is about to become operational in that municipality, after a US$ 135 million investment, El Financiero reported. “The annual generation is 175.2 GWh equivalent to supplyin...
Iberdrola inks deal to build US$ 400 million power plant in Sinaloa
Mexican state utility Federal Electricity Commission (CFE) awarded a contract to Spain-based energy giant Iberdrola to build a 766 MW combined cycle power station (CCGT) in Sinaloa state.  “Iberdrola's new facility will be equipped with the latest technology requiring an investment of some US$ 4...
Iberdrola invests US$290 million in Puebla wind farm to triple output capacity
Spain-based utility company Iberdrola announced that the second phase of the PIER wind farm, located in the state of Puebla, will be operational in the first quarter of 2019.  According to Alfonso Campos, director of renewables at Iberdrola Mexico, the second phase involves the installation of 51 ...
Iberdrola Mexico awards Mitsubishi Hitachi Power Systems as Outstanding Equipment Provider
Iberdrola Mexico presented Mitsubishi Hitachi Power Systems (MHPS) Americas an Award for Outstanding Equipment Provider at an event held in Mexico City.  The Iberdrola Outstanding Equipment Provider Award was presented by Iberdrola Mexico CEO Enrique Alba and Chairman Sergio Alcocer to MHPS Amer...
Iberdrola plans to build a new US$ 600 million power plant in Mexico
Iberdrola, second largest electricity producer in Mexico, announced today it will invest US$ 600 million to build a new plant in the State of Nuevo Leon. Jose Ignacio Sanchez Galan, Iberdrola’s CEO, said to Bloomberg it will be its twenty-first plant in the country. Sanchez Galan pointed out the...
Iberdrola produces more energy in Mexico than in its native country
In 2018, Spanish energy company, Iberdrola, will produce more electricity for the first time in Mexico than in Spain, after years of major investments in America. "This year we will produce more electricity in Mexico than in Spain, which gives an idea of the size of the business we have there," sai...
Iberdrola signs US$ 400 million green loan to refinance three wind farms in Mexico
Spain-based utility company, Iberdrola, announced it has signed, through its subsidiary, Iberdola Mexico, the first green loan in the country by a Latin American country. This loan for US$ 400 million has a five-year term, which can be extended for another two years, and was signed with ten relation...
Iberdrola to build solar plant in Mexico
Spanish utility Iberdrola plans to build its first solar park in Mexico, of 200 MW in total, with the project being in the very early stage, El Economista reported. The company already has 5.4 GW of operational capacity in the country, including 367 MW wind and 4.84 GW of combined-cycle gas. Its fi...

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