Energy

Iberdrola to invest US$2.5 billion in Mexico
Iberdrola’s president, Ignacio Sánchez Galán, recently announced his intent to deploy an investment of up to US$2.5 billion in Mexico between 2020 and 2022. This would continue an investment program that to date accumulates more than US$10 billion, which in turn would significantly increase the ...
Iberdrola to reach 1,000 MW renewable energy capacity in Mexico by 2019
Spain-based electric utility company Iberdrola aims to reach 1,000 megawatts (MW) of installed renewable power capacity in Mexico by 2019. For that end, the firm currently invests US$ 780 million to build four facilities in four different states (two wind farms and two photovoltaic plants) with an o...
IEA: Global Energy Investment Drops 12%
Energy investments worldwide fell by 12% on the year to just over US$1.7 trillion in 2016, with electricity investment outpacing oil and gas spending for the first time ever, the International Energy Agency (IEA) said in its World Energy Investment 2017 report. Following a 44-percent plunge in the...
IEnova builds US$ 115 million solar plant in Sonora to supply power for Deacero
Mexican energy infrastructure firm IEnova and steel manufacturer Deacero had signed a 20-year deal to supply the latter with renewable energy from a solar power plant in Caborca, a municipality located in the Northern state of Sonora. IEnova unit ESJ Renovable II will invest US$ 115 million at the ...
IEnova builds US$ 130 million marine terminal for hydrocarbons in Baja California
Energy infrastructure developer IEnova, a subsidiary of a Sempra Energy Company, announced plans to invest US$ 130 million in order to develop, to construct and to operate a marine terminal that will receive, store, and deliver hydrocarbons, primarily gasoline and diesel, within the La Jovita Energy...
IEnova earns contract to build US$ 150 million fuel storage terminal in Sinaloa
Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), a Mexican subsidiary of California-based Sempra Energy, announced that it has been awarded a contract for the construction and operation of a marine terminal for the receipt and storage of hydrocarbons, petroleum, petrochemicals and other li...
IEnova, Valero ink US$ 275 million deal to supply liquid fuels in central Mexico
Sempra Energy’s Mexican subsidiary Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) has signed long-term contracts with Valero Marketing and Supply de México SA de CV, a subsidiary of Valero Energy Corp., for the storage capacity of the liquid fuels marine terminal to be constructed in V...
IEnova’s fuel terminal in Veracruz to feature more capacity than originally planned
IEnova, a Sempra Energy subsidiary dedicated to the development of infrastructure for the Mexican energy sector, will begin to build a US$ 155 million storage facility for liquid fuels in the port of Veracruz in the coming weeks, national media reported. The company revealed it has increased the p...
In just 11 months, Finland-based Wärtsilä delivers 130 MW gas-fired power plant in Nuevo Leon
Finnish technology company Wärtsilä announced it has completed a 130 MW gas-fired power plant in Monterrey, Nuevo Leon, Northern Mexico. It took just 11 months for the natural gas-fueled plant to go from contract signing to fully operational. The plant was ordered in October 2017 by Pemcorp, a Me...
InterGen puts on sale its power generation assets in Mexico
InterGen announced today its decision to advance the sale of its business interests in Mexico. A formal sales process will be launched shortly. InterGen is one of the largest independent power producers in Mexico with more than 2,200 megawatts in operation with six combined cycle gas turbine plants...
InterGen sells assets in the Mexican energy sector for US$ 1.25 billion
InterGen, a global power generation firm, announced today that it has entered into an agreement with Actis, an investment firm focused in emerging markets, to sell its business interests in Mexico for an enterprise value of US$ 1.256 billion. The sale is expected to close in the second quarter of 20...
Investment in the oil industry to grow 27%, says Citibanamex
The oil opening in the form of equity instead of debt will be equivalent to a 27% increase in the amount of foreign direct investment (FDI) committed to Mexico, said Citibanamex, Citigroup's Mexican subsidiary. Based on the results of the company’s report “Examination of Mexico’s economic sit...
Israeli-based company to build a 4.1 MW wave energy power plant in Colima
Eco Wave Power Mexico, a subsidiary of Israeli-based wave energy developer Eco Wave Power (EWP) has unveiled plans to construct a 4.1 MW wave energy power plant in the Mexican state of Colima, the company revealed in a press release. The company announced the plans right after the project secured a...
Italian group Enel Green Power starts construction of US$ 115 million wind farm in Coahuila
The Italian developer of power infrastructure Enel Group announced that its renewable subsidiary Enel Green Power Mexico (EGPM) has begun the construction of the 100 MW Amistad II wind farm in the northern State of Coahuila.  Amistad II is the first project to start construction of those awarded i...
Italian oil company Eni to invest US$475 million in Mexico during 2019
Oil company Eni will invest US$474.9 million in Mexico during 2019, as part of its development plan to extract oil in shallow waters of the Gulf of Mexico. The Italian company will allocate 44% of said budget to build infrastructure and 40% to the drilling of six wells, said officials of the Nation...
Italian utility company Enel connects more than 1 GW of solar energy to Mexico’s power grid
Italy-based energy infrastructure developer Enel Group announced that its Mexican renewable energy subsidiary, Enel Green Power México (EGPM), has completed and connected to the grid around 1,089 MW of solar energy in Mexico. The new capacity includes the Villanueva solar park, of about 828 MW, lo...
Italian-based Enel Green Power breaks ground for US$ 165 million solar plant in Tlaxcala
Italian renewable energy solutions developer Enel Green Power (EGP) broke ground earlier this week in Tlaxcala to build the Magdalena II solar plant, the company’s first project in the Mexican state which will feature an output capacity of 220 MW.  The laying of the foundation stone took place i...
Italy-based Enel breaks ground in Mexico for “largest solar plant in the Americas”
Italy-based Enel S.p.A. announced its Mexican renewable subsidiary Enel Green Power México (EGPM), has started breaking ground in the Northern state of Coahuila for what the company claims will be “the largest photovoltaic plant under construction in the Americas and Enel’s largest solar projec...
Italy-based Enel enters the Mexican power supply market
Italian utility company Enel launched its subsidiary Suministro Calificado (Qualified Supply) in Mexico which aims to get at least 150 large customers a demand of 400 gigawatts-hour (GWh) per year and sales for US$ 35 million. For the next five years, they will seek to reach a thousand customers, w...
Italy-based Enel Group connects 229MW of wind capacity to Mexican grid
Mexican unit of energy firm Enel connected in recent days 229MW of wind capacity to the state-operated national electricity grid, the company announced in a press release. The output comes from two eolic parks the Italy-based company just began operating, the 129MW Palo Alto wind farm located in th...

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