Energy

Atlas Renewable Energy lands US$105-million financing to build solar plant in Hidalgo
Atlas Renewable Energy, a developer formed by UK-based private investment firm Actis, along with Mexico’s National Bank of Foreign Trade (Bancomext) recently announced the closure of a long-term financing agreement for the construction for the Guajiro Solar Project that will be located in the sta...
Avant Energy to build US$ 200 million network of fuel storage terminals in El Bajio
Avant Energy, a Mexican energy infrastructure developer, announced that it will build a network of terminals to supply refined petroleum products from the Port of Altamira, Tamaulipas to the Bajio region of North-Central Mexico. The network, known as "SUPERA" (Suministro de Petroliferos Altamira–B...
Avant Energy to invest US$ 500 million in fuel storage and distribution project
Avant Energy announced it will invest US$ 500 million in its SUPERA project, up from US$ 200 million initially estimated, to increase the operating capacity of the terminals that make up the network. The SUPERA project, which stands for Suministro de Petrolíferos Altamira-Bajio (Altamira-Bajio Pet...
Blackstone Energy Partners builds US$ 600 million power plant in Guadalajara
Fisterra Energy, a company majority owned by energy-focused private equity fund Blackstone Energy Partners, and global private equity fund, Blackstone Capital Partners, announced it has achieved a financial closing for the Tierra Mojada project, a US$ 600 million combined-cycle gas turbine (CCGT) po...
BMW taps fellow German developer BayWa to build solar farm for its San Luis Potosi plant
BMW has signed a long-term power purchase agreement with Germany-based BayWa for the development and supply of a photovoltaic (PV) farm to supply 252 MWh of power per year to the new manufacturing facility that the automaker currently builds in San Luis Potosi, Mexico.  The deal was closed for a t...
BMW to work on solar energy plant with San Luis Potosi
The plant BMW is installing in San Luis Potosi will only use natural energy. According to the firm, around 71,000 square meters of solar panels will be furnished into the plant's structure as part of a plan of innovation to establish this complex as the best technologically equipped in Mexico. The f...
BP begins distribution of natural gas to industrial customers in Mexico
BP Energia Mexico, BP’s natural gas marketing and trading arm in the country, announced today it has started to deliver approximately 200,000 million British thermal units (mmbtu) a day of natural gas to industrial users, local distribution companies and independent power producers in eight states...
BP inks deal to utilize 50% of IEnova's fuel terminal in Baja California
British Petroleum (BP) and Sempra Energy’s Mexican subsidiary IEnova announced the execution of a long-term contract for 50% of the initial capacity of a marine terminal which IEnova currently builds in La Jovita Energy Center, located 23 kilometers north of Ensenada, Baja California, northern Me...
BP opens first gas station in Mexico; plans 1,500 retail sites in 5 years
BP officially opened last week its first retail fuels site in Mexico as part of its plan to invest in the growing Mexican retail fuel and convenience market over the next five years. Opened in the Satelite area of Mexico City, the new BP retail site is the first global oil company branded site oper...
BP sees early promise, growing investment in Mexico energy
BP Plc's first foray into Mexico's recently opened energy market is proving more promising than expected, and the government should offer more big projects to lure investment, the British oil major's Mexico boss said. Chris Sladen, country manager for Mexico, said BP expects to increase investment i...
Calgary-based ATCO gets approval to enter Mexico’s wholesale electricity market
Calgary-based energy infrastructure developer ATCO announced that its Mexican subsidiary, ATCO Energía, will enter Mexico's wholesale electricity market after receiving approval from the National Center for Energy Control (CENACE) to provide electricity and related services as a Qualified Supplier....
CANACINTRA proposing to build two refineries
The National Chamber of the Transformation Industry (CANACINTRA) is proposing the construction of two new gasoline refineries over the next four years, through combined public-private investment with national providers. This organization recognizes the short-term impact the price liberation of both ...
Canada-based ATCO acquires US$ 116 million hydroelectric power station in Veracruz
Canadian diversified global corporation ATCO announced today that through its subsidiary Canadian Utilities Limited, has entered into an agreement with Conduit Capital Partners LLC to acquire Electricidad del Golfo (EGO), which owns a 35 megawatt (MW) hydroelectric power station in the state of Vera...
Canadian company ATCO, Monterrey-based CYDSA join forces in the Oil & Gas industry
Canadian company ATCO Ltd. and Monterrey-based CYDSA S.A.B. de C.V., announced the signing of a Memorandum of Understanding (MOU) that will see the two companies work together to explore and develop midstream opportunities in Mexico’s oil and gas industry. The initial focus will be on underground...
Canadian energy firm ATCO builds US$ 54 million power plant in Durango for Chemours
Canadian energy firm ATCO announced it will build, in partnership with RANMAN Energy, La Laguna Cogeneration Facility, a new 26-megawatt (MW) cogeneration project on the site of a Chemours Company chemical facility, with an investment of CAD 70 million (about US$ 54 million). Located near the city ...
Canadian Oil & Gas company IFR receives drilling permits
International Frontier Resources Corporation (IFR), a Canadian company specialized in oil and gas projects, announced today that its Mexican joint venture, Tonalli Energia was granted the right to operate, develop and produce hydrocarbons at its onshore oil and gas block Tecolutla. The Tecolutla bl...
Canadian Solar secures US$ 45 million fund to build photovoltaic plant in Aguascalientes
Canadian Solar Inc., one of the world's largest solar power companies, announced it has closed a US$ 45 million financing with Natixis, an arm of Groupe BPCE, the second largest banking group in France. Proceeds from the non-recourse financing will be used to build the company's 68 MWp photovoltaic ...
Canadian Solar secures US$69-million financing for photovoltaic park in Aguascalientes
Canadian Solar Inc. announced it has achieved financial close on a US$69.0 million non-recourse project financing for the 67.8 MWp Aguascalientes solar power project in Mexico.   Arranged by Canadian Solar, the US$ 69.0 million non-recourse financing package was provided by Banco Nacional de Come...
Canadian Solar signs deal for photovoltaic plant in Aguascalientes
Canadian Solar Inc. has signed a Power Purchase Agreement (PPA) for the 63MWp solar power plant in Aguascalientes, Mexico with the Federal Electricity Commission (Comision Federal de Electricidad, CFE), announced the company in a press release. This project was awarded in April 2016 under the Mexic...
Canadian Solar to build three photovoltaic projects in Mexico
Canadian Solar Inc., one of the world's largest solar power companies, announced that it has won 367 MWp of solar power projects in Aguascalientes, Hermosillo and Obregon, Mexico in the country's third long-term auction for renewables held on November 15, 2017. The amount of investment considered fo...

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