Mexico

Capstone Green Energy received a 5.8-megawatt order for its natural gas microturbines, to be deployed across multiple food production facilities in Mexico through regional distributor DTC Machinery.
Chinese group Sinopec has launched a large-scale seismic imaging campaign across 3,000 km² in Mexico using nodal technology from Sercel, owned by Viridien, delivered in August to map areas with complex terrain.

OSW raises USD 5.5 million to support its global solar market expansion

Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
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Gunvor commits to 0.85 million tonnes per year of liquefied natural gas from AMIGO LNG, marking a strategic step forward for Asian and Latin American supply via the Guaymas terminal.
Transition Industries assigns Bonatti to build core infrastructure for Pacifico Mexinol, a strategic methanol complex in Mexico poised to become a major global player.

Pemex bets on Pimienta and Eagle Ford to revive national energy production

The Pimienta and Eagle Ford formations are identified as pillars of Pemex’s 2025-2035 strategic plan, with potential of more than 250,000 barrels of liquids per day and 500 million cubic feet of gas by 2030.
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AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.
Cross-border gas flows decline from 7.3 to 6.9 billion cubic feet per day between May and July, revealing major structural vulnerabilities in Mexico's energy system.

Mexico launches major public investment plan to revive Pemex and the oil industry

The Mexican government unveils an ambitious public support strategy for Petróleos Mexicanos, targeting 1.8 million barrels per day, infrastructure modernisation, and settlement of supplier debt amounting to $12.8 billion.
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DLA Piper assists Grupo Cox in a planned transfer of Iberdrola assets in Mexico, with a reported value of $4.2 billion, mobilising an international legal team.
TC Energy reports higher financial results in the second quarter of 2025, boosts investments and anticipates a rise in annual EBITDA driven by growing natural gas demand in North America.

Trump hits Brazil with 50% tariffs but spares oil and iron

Washington imposes massive duties citing Bolsonaro prosecution while exempting strategic sectors vital to US industry.
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The US wind market recorded 91% growth in the first quarter of 2025, but new regulatory restrictions and the planned end of tax credits threaten the sector’s future.
Cox aims to acquire Iberdrola’s 15 power plants in Mexico for EUR4 bn (USD4.69 bn), strengthening its presence in a changing market.

Nordex Group posts 81% order growth and strong cash flow in the second quarter of 2025

Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.
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The International Energy Agency anticipates an acceleration in global liquefied natural gas trade, driven by major new projects in North America, while demand in Asia remains weak.
Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.

Arctech Brazil obtains FINAME certification and accelerates its regional expansion

Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
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Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.
Experts are calling for a serious debate on the exploitation of unconventional resources in Mexico, believing that neglecting this opportunity would be a major strategic error.
A U.S. arbitral tribunal rejects TC Energy's $15 billion claim to cancel the Keystone XL project, marking a crucial step in the dispute between the Canadian company and the U.S. government.

JinkoSolar Partners with RELC and VI for 10 GW Plant in Saudi Arabia

JinkoSolar, RELC and VI announce a $1 billion investment for a solar cell and module production plant in Saudi Arabia with an annual capacity of 10 GW.
Partenariat stratégique en Arabie
Engie and Macquarie Asset Management collaborate to expand the Mayakan gas pipeline, aiming to reduce CO2 emissions by 7.4 million tonnes per year.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.

Aslan Energy launches 35,000-hectare hydrogen project in Sonora, Mexico

Aslan Energy Capital signs an MOU to develop a 35,000-hectare green hydrogen and ammonia production project in Sonora, Mexico.
Projet hydrogène vert Sonora Mexique
The global solar panel recycling market is expected to reach 626 million USD by 2033, with annual growth of 14.3%, driven by the increase in solar installations and regulations.
U.S. crude oil inventories rose by 3.6 million barrels, surprising analysts who were forecasting a decline, due to weakening demand and reduced exports.

Neoen inaugurates its first solar farm in Canada: Fox Coulee in Alberta

Neoen launches Fox Coulee solar farm in Alberta, strengthening its presence in the Canadian energy market
Neoen ferme solaire Alberta
Nordex Group recently won orders for eleven N163/6.X turbines, marking an important milestone in the German wind energy market. The largest project, in Lower Saxony, includes the supply of these turbines to a wind farm.
An international survey reveals that 80% of the world's population is calling for stricter climate measures from governments, a demand that is growing particularly in poorer countries.

TotalEnergies and EDF: NGO actions upheld on appeal

The Paris Court of Appeal has ruled that the NGOs' actions against TotalEnergies and EDF are admissible, paving the way for an in-depth examination of these multinationals' due diligence plans.
Actions ONG contre multinationales
Recurrent Energy and SPIC launch the 446 MWp Marangatu Solar Complex in Brazil, a milestone for the Brazilian energy sector.
Mexico is revising its renewable capacity targets, increasing wind and reducing solar, which could influence the I-REC market.

Mexico plans to end energy liberalization

Claudia Sheinbaum, Mexico's new president, is preparing a constitutional reform to dismantle the 2013 energy liberalization. His congressional alliance won a supermajority, paving the way for radical change.
Réformes constitutionnelles énergétiques Mexique
Hydrogène de France (HDF Energy) inaugurates a pioneering plant in Blanquefort, aiming to mass-produce high-power fuel cells by 2026.
Ingeteam and Grenergy launch a solar project in the Tabernas desert, aiming to reduce CO2 emissions by more than 127,380 tonnes a year.

Mexico: major energy challenges in the run-up to the presidential election

In the run-up to the presidential elections, Mexico faces complex energy challenges, requiring a reassessment of private investment and a transition to renewable energies.
Mexique : Défis énergétiques majeurs à l'approche de l'élection présidentielle.
FRV joins forces with Will & Must to develop 600MW of photovoltaic projects in Finland, marking a first foray into the Nordic countries for this leading renewable energy company.
TC Energy announces earnings of $1.2 billion for the first quarter of 2024, unveiling major infrastructure projects.