Mexico

A list compiled by a British price comparison website draws upon data from German company Statista which shows clean energy – including hydro – made up 12.74% of the nation’s power mix at the end of September.

By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.

The private sector subsidiary of the French Development Agency is backing the construction of four solar power plants and two wind farms with a combined generation capacity of 900 MWp.

The Chinese solar manufacturer has delivered its ultra-high efficiency Cheetah 72 modules for 575 MW of capacity that X-Elio is developing in multiple locations across Spain, in addition to roughly 375 MW for two projects in the Mexican cities of Veracruz and Navojoa.

To have any hope of restricting global heating to a maximum of 1.5 degrees Celsius, the renewables success story which saw 108 GW of solar deployed last year needs to be cranked up to the next level – and fast.

Organizers of the Solar Power Mexico 2020 exhibition face a difficult task of replicating the success of the first edition of the event, which took place this year and had participation of 78 exhibitors and more than 5,000 visitors. Next year’s event will be held from March 24 to 26 at Centro Citibanamex in Mexico City.

The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.

The latest study published by the International Renewable Energy Agency says the average solar electricity cost of $0.085/kWh produced by projects commissioned last year is set to fall to $0.048 next year, and $0.02-0.08 by 2030.

An accelerated transition to renewables could go either way, regarding the United States’ unique geopolitical strength. According to Indra Overland – head of the Center for Energy Research at the Norwegian Institute for International Affairs – the U.S. could surrender a major advantage if it abandons fossil fuel. The nation could, however, remain dominant in the global energy sector if it continues to lead on innovation and clean energy tech-related intellectual property.

The project the company is developing in Juárez will sell energy to the Mexican department store chain El Puerto de Liverpool through a 15-year PPA for the second contract of the type IEnova has secured with the group.