Mexico Nuevo Leon to support renewables, gas pipelines

Wind farm. Author: Ben Salter. License: Creative Commons, Attribution 2.0 Generic.

November 26 (SeeNews) - Mexico's Nuevo Leon state will support renewable energy projects and the construction of gas pipelines in rural areas, secretary of economic development Fernando Turner said on Wednesday.

The state expects at least 30 energy-producing undertakings with an investment of USD 1.7 billion (EUR 1.6bn) to start operations in the next three years.

Turner forecast industrial growth with lower gas and electricity prices, while admitting obstacles such as the undeveloped infrastructure in some parts of the state due to underinvestment in previous years. The government will also facilitate land tenancy to avoid delays in the projects.

Nuevo Leon has solar, wind, cogeneration and biogas projects approved by energy regulator Comision Reguladora de Energia (CRE). In February, the government announced the installation of a 30-MW photovoltaic park of French Neoen for supplies to schools and municipalities.

(USD 1 = EUR 0.942)

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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.

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