Energy

Italy-based Enel starts construction of wind farm in Coahuila
Enel Green Power México (EGPM), the Mexican renewables unit of energy giant Enel started the construction of a 200-MW wind farm in Mexico, the Italian group announced in a press release. The Amistad plant, located 45 kilometers north of Acuna city in the state of Coahuila, will require a total inv...
Joining renewable energy: Queretaro's industry next challenge
QUERETARO — The industry of Queretaro keeps the challenge of having a greater integration of renewable energies in its productive processes. Arturo Ruiz Núñez, president of the Merchants’ Association of Electrical Equipment and Material in Querétaro, estimated that only 2% of the companies i...
Kansas City Southern posts record revenue on strong demand of oil products into Mexico
Kansas City Southern (KCS) reported record fourth quarter 2018 revenues of US$694 million, an increase of 5% from fourth quarter 2017 led by strength in crude oil and refined products fleet into Mexico, despite carload volumes remained flat compared to prior year. However, net income fell in the fo...
Korean firm POSCO inks deal to build US$100-million heat & power plant in Coahuila
POSCO Engineering & Construction Co., an affiliate of South Korea's top steelmaker POSCO, has signed a US$100 million deal to build a combined heat and power plant in Mexico, Korean media reported. The company signed an agreement with Ener AB to install a 100-megawatt power plant in the municip...
Liquid fuel terminal in San Luis Potosi to supply the Bajío region starting mid-2018
By mid-2018, a liquid fuels terminal developed by Kansas City Southern de Mexico, Watco and WTC Industrial, a Mexican consortium based in San Luis Potosi, will start supplying gasoline to the El Bajio region. The companies have so far invested US$ 40 million in the necessary preparations and infras...
Local authorities inaugurate US$ 45 million PV plant in Chihuahua
Chihuahua state authorities today inaugurated the Parque Fotovoltaico Camargo, the second photovoltaic power plant fully operational in the state, which consists of 113,000 solar panels over a 90 hectares landscape. The facility was built by Spain-based developer Gransolar for the Balam Fund, a pri...
London-based ContourGlobal acquires two power plants from Alpek for US$724 million
ContourGlobal plc, a London-based owner and operator of contracted wholesale power generation businesses, announced it has reached an agreement with Alpek S.A.B. de C.V, Grupo Alfa petrochemical subsidiary, to acquire its portfolio of two natural gas-fired combined heat and power (CHP) plants, toget...
London-based Cubico earns contracts for wind farm, solar plant in Mexico
London-based Cubico Sustainable Investments has won contracts in Mexico’s second energy auction to supply electricity from the 250MW Mezquite wind farm and the 290MW Solem solar facility, the company revealed in a press release (PDF). Mezquite is located in the state of Nuevo Leon in northeast M...
London-based Cubico raises US$ 450 million for two renewable energy projects in Mexico
Cubico Sustainable Investments, a London-based firm specialized in renewable energy projects, announced it has achieved financial closing for the 250 MW El Mezquite wind farm in the state of Nuevo Leon, and the 350 MWp Solem solar PV project in Aguascalientes, both with power purchase agreements (...
Los Santos I solar plant is officially inaugurated in Chihuahua
Mexican authorities inaugurated today the first phase of one of the largest photovoltaic (PV) power plants in the country.  Los Santos I is a 13.6 MW plant located 76 miles south of Juarez, Chihuahua, developed by Buenavista Renewables with investment and consultation provided by OCI Solar Power, ...
Macquarie Capital sells 45.5% stake in power plant under construction in Ciudad Juarez
Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, announced it has sold a 45.5% equity interest in Norte III, a 907 MW combined cycle power generation facility currently in Ciudad Juarez, Chihuahua, to an entity controlled by affiliates of Inf...
Macquarie fund acquires 90% stake in 322 MW solar power portfolio in Northern Mexico
Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, announced that one of the funds it manages has agreed to acquire 90% of a portfolio of solar power generation of 322 megawatts (MW) in the northern Mexico. The remaining 10% of the portfolio will be owned by Eosol Invest...
Macquarie fund to buy solar project in Coahuila
Macquarie Mexican Infrastructure Fund (MMIF), Macquarie Group's first managed fund in Latin America, will buy a 22.5-MW solar project in Coahuila for about US$41 million (MXN 758m/EUR 37m), the company announced. ...
Macquarie’s US$ 42.4 million solar plant in Coahuila is now operational
Macquarie Mexican Infrastructure Fund (FIMM I for its initials in Spanish), an investment fund by Australian bank Macquarie, announced to stock market regulators that its 22.5 MW photovoltaic plant, located in Matamoros, Coahuila, is now operational. The US$ 42.4 million Parque Solar Coahuila is no...
Marathon Petroleum contracts 50% storage capacity of IEnova’s fuel terminal in Sinaloa
IEnova announced the execution of a long-term Terminal Services Agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for approximately 50% of the initial capacity (1 million barrels) of IEnova’s marine terminal for the receipt, storage, and delivery of refined products in Topolobamp...
Marathon-Andeavor merger creates biggest US refiner with a high stake in Mexico
Marathon Petroleum Corp. (MPC) and Andeavor (ANDV) announced that they have entered into a definitive merger agreement under which the first will acquire all of latter’s outstanding shares, representing a total equity value of US$ 23.3 billion and total enterprise value of US$ 35.6 billion, based ...
Mars Incorporated builds a wind farm to power all of its plants in Mexico
Urging the business community and global leaders to take bold action for tackling climate change, Mars, Incorporated announced plans for a wind farm in Mexico —its third major wind energy commitment in as many years. Mars has an ambition to eliminate all fossil fuel use from its operations by 2...
Matamoros keeps promoting investment in wind energy
MATAMOROS – Consejo Coordinador Empresarial and Comité para el Desarrollo Económico de Matamoros (CODEM) continues with the promotion of the city as a good place for the investment in the wind energy area, stated Maria del Carmen Cadena, president of both organisms.    She stressed that recen...
Mexican biofuel producer builds US$ 100 million ethanol plant in Veracruz
Ciprof Energies, a Mexican biofuel producer, announced that it will invest US$ 100 million to build the first anhydrous ethanol plant in the country, which will be located in the municipality of Puente Nacional, Veracruz, informed the general director of the company, Carlos Alberto Torres. The pl...
Mexican regulator confirms 26 bidders for next deepwater auction
Mexico’s National Hydrocarbons Commission (CNH) reported that 26 bidders will participate in the fourth auction of Round 2, which considers 29 deepwater contractual areas. According to the regulator, the final list for the process to be held on January 31 considers nine companies that will go ind...

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