April 27, 2012
Some would associate Mexico with sun and beach, therefore fertile ground for a thriving solar energy sector. However, wind is Mexico’s most mature renewable energy sector.
Proof of this is the latest investment of $700 million in the Marena Renovables project in Mexico’s Isthmus de Tehuantepec in Oaxaca. According to a Macquarie Mexican Infrastructure Fund (MMIF) press release, the 396 MW wind energy project is under development since March 2012. The project is expected to reach completion by the end of the year.
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April 24, 2012
The Mexican Senate unanimously passed the General Climate Change Law last Thursday evening, 19th of May, making it the first developing country to pass a law with comprehensive long-term objectives for combating climate change.
Mexico’s General Climate Change Law outlines the following goals:
A reduction in carbon emissions by 50% by 2050.
35% of Mexico’s electricity comes from renewable energy sources by 2024.
The establishment of the National Institute of Ecology and Climate Change, a research and development institution.
The creation of a foundation for raising and channeling public, private, national and international financial resources for carrying out relevant projects.
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