Dave Graham
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MEXICO CITY, Feb 9 (Reuters) - Mexican President Andres Manuel Lopez Obrador is gambling he can use a contentious new bill to cement public sector control of the electricity sector without inundating his government with more lawsuits from investors already smarting from his policies.
Corporate lobbies have objected to the bill, which will give priority in electricity dispatch to national power utility the Comision Federal de Electricidad (CFE), and eliminate Mexico’s obligation to buy power through auctions.
Mexico’s Business Coordinating Council (CCE) called the shake-up an “indirect expropriation”, while the U.S. Chamber of Commerce said it violated the United States-Mexico-Canada Agreement (USMCA) trade deal.
Poland's biggest power group PGE and Denmark's Orsted clinched a final deal on Wednesday to jointly develop two offshore wind projects in the Baltic Sea, with a combined capacity of 2.5 gigawatts (GW), the firms said.
Spanish renewable power company OPDEnergy has hired investment bank Rothschild to advise it on a potential listing on the Madrid stock exchange in April or May, Cinco Dias newspaper reported on Wednesday.
3 Min Read
BEIJING (Reuters) - China will force regional grid firms to buy at least 40% of power from non-fossil fuel sources by 2030 in order to meet the country’s climate targets, according to a new government document seen by Reuters.
FILE PHOTO: Power lines and wind turbines are pictured at a wind and solar energy storage and transmission power station of State Grid Corporation of China, in Zhangjiakou of Hebei province, China, March 18, 2016. REUTERS/Jason Lee
Grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030, according to a draft policy from the National Energy Administration (NEA), verified by a person with direct knowledge of the matter.
Poland's biggest power group PGE and Danish counterpart Orsted have struck a deal to jointly develop two offshore wind projects in the Baltic Sea that could generate enough electricity to power four million homes.