Mexico: Scaling up of Renewable Energy

09 Mar 2021
GotoWebinar
All companies
Webinar

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About this event

Join the EIC and Department for International Trade (DIT) Mexico for the third webinar from our four-part webinar series around energy opportunities in Mexico!

Field development in Mexico has significantly increased since it opened its market to private investors in 2014. Project opportunities are poised to significantly increase amid Mexico's ambitious goal of increasing production by 1MMbbl/d by 2024.  At the same time, over the past decade, Mexico has seen significant growth in the power and renewable energy sectors, influenced by the increased demand for sustainable, clean energy vis-à-vis falling costs of renewable energy and growing advancement of new technologies. 

The EIC, in partnership with DIT Mexico, invites you to discover the current and future business opportunities in the region.  A particular focus will be provided on the opportunities to diversify from oil and gas to renewables, to “greening” operations, and achieving net-zero around traditional oil and gas operations, and how to go about doing business in Mexico.

With Mexico’s high potential for the deployment of renewable energy such as wind, solar, hydro, and geothermal, it is well-placed to meet its renewable generation capacity commitment between 2030 and 2050.  Despite the cancellation of clean energy tenders in early 2019, Mexico plans to reach 30% renewable energy by 2021 and 35% by 2024. Strategic incentives – such as soft loans, and tax reliefs – are poised to create the environment for Mexico to meet these targets.

The transition from fossil fuels to a more diverse set of renewables could increase the economic viability of Mexico’s energy sources.  The Waste-to-Energy (WTE) sector is well-placed to play a major role in meeting the country’s commitments.  Two cancelled projects: Mexicali Waste-to-Energy Plant by International Power Group, Ltd (IPWG) and Veolia’s proposed El Sarape Waste-to-Energy Plant, Project Termo PPP did not move forward with funding from IDB (Inter-American Development Bank Group). 

As with many developing countries, Mexico continues on a fast-track towards mass urbanization.  Ranked the 11th most populated country in the world, the State of Mexico (specifically Mexico City, Veracruz and Jalisco), Campeche, Baja California Sur and Colima are experiencing extreme population growth and urbanization creating a significant waste management issue through 2050.  At the same time, with decreasing resources of fossil fuels in Mexico, any additional electricity resource will help to contribute to a growing national energy demand.

Join the EIC, leading UK Waste-To-Energy companies, and local Mexican government for best-practice exchange around shaping the future scaling up of renewables, including WTE. UK and local Mexican companies, and speakers, will have the opportunity to take forward speedy networking exchanges.  Looking forward to COP26, now more than ever, a resilient supply chain will help to shape the future of energy in Mexico.

Mexico Energy Series: Scaling up of Renewable Energy:
Date: 09 March 2021
Time:  09:00 - 11:00am CST
Cost: Free for all companies to attend
Platform: GoToWebinar

Confirmed Speakers include:
Amanda Duhon, Regional Director, EIC North & Central America
Sean Gibbs, CEO, Hanscomb Intercontinental
Ruth Corona, Mexico Energy and Sustainability Services Director, JLL
David Richardson, Business Development Manager European Renewables, Yokogawa

Save the date to continue your Mexico Energy Journey by joining the next webinar:


Mexico: Fit-for-purpose "Infrastructure" in a changing world of energy transition
Tuesday, 23 March 2021; 09:00 - 11:00am CST

If you have questions or would like further information, please contact Lisa Kandala, Office & Events Coordinator via email: lisa.kandala@the-eic.com

ADDITIONAL INFORMATION
Please note that joining instructions will be issued in advance of the webinar, after you have booked your place.



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For any questions regarding this event, please contact the organiser.
Lisa Kandala
Office and Events Coordinator
EIC Training
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