The president of GE Mexico, Raúl Gallegos, expressed that investment and energy reforms in Mexico will allow GE to move forward with energy projects that were put on hold this year. GE maintains a tempered but positive outlook (Spanish) regarding its opportunities for growth in Mexico’s energy market.
Mexico issued the first concession license for geothermal energy to a private company, Grupo Dragon (Geotermica para el Desarrollo). The license is for the development of 50 MW in San Pedro Lagunillas, Nayarit, Mexico, and the first phase is expected to be completed in 2016.
While long-term expectations for Mexico’s energy liberalization are positive, Karen Boman writes that anti-corruption strategies remain an important part of doing business in the country.
Local content rules designed to boost investments in technology and manufacturing will likely be loosened (English) after Latin America’s second largest economy experienced depressed demand at its latest licensing round. Once drafts are completed then signed by the president, the eased measures can have the effect of making more projects economically viable (Portuguese).
Over 70,000 homes near the Dois Riachos wind farm in Bahia will now have access to a new electricity source. Dois Riachos is the first part of the Serra Azul wind power complex to be connected to the grid.
Writers at El Tiempo argue that while efforts to make energy in Colombia more attractive and stable have been made, the lack of development of futures and derivatives markets (Spanish) is hurting the industry more than anything else.
Image of the Week
This week’s image is of the highest mountain in Brazil. It reaches a height of 2,994 meters (9,823 feet) and is just barely inside of Brazil. Do you know its name?