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Special Feature The Lifestyle Negocios
Mexico Riviera Nayarit, para
Feeding the World Mexico’s Pacific Coast exportadores
Treasure
THE NEW
MEXICAN
ENERGY MODEL
2014
XI
M
exico is on the move. Our country has generates great opportunities for new produc-
concluded an important transforma- tive investments and latest technologies.
tive cycle that includes 11 structural The Tax Reform increases the State’s finan-
reforms. With these profound changes, Mexico cial capacity and favors public investment in pri-
is breaking the restraints that have prevented it ority areas for economic activity, such as science,
from reaching its full potential. technology, and infrastructure. In its turn, the
Six of these transformative reforms aim to Financial Reform gives place to the conditions
elevate the productivity and competitiveness that allow the robust Mexican bank to par-
of our economy, to accelerate its growth. They ticipate more actively in the country’s growth,
form a platform that will enable us to drive de- through more credit options and at lower inter-
velopment in the coming years. est rates for families and businesses.
With the Labor Reform, Mexico ad- Finally, the Energy Reform will allow the par-
vances towards a more efficient and flexible ticipation of a higher number of companies, thus
labor market that permits the incorporation modernizing the sector with more productive in-
of women and young adults. Meanwhile, the vestment and cutting-edge technologies. This en-
Economic Competition Reform establishes sures the supply of electricity and hydrocarbons at
clear rules that set competing companies on a competitive prices for industries and homes.
level footing and bring down entry barriers to The transformative reforms are already a real-
new participants across all sectors. ity. Now, the Mexican Government is putting them
In the same way, the Telecommunications into action. To do so, we follow an agenda of ac-
and Broadcasting Reform encourages effective tions in concrete terms that will allow them to be
competition in the sector, enabling Mexico to implemented effectively. By combining the efforts
close the digital gap and integrate more Mexi- of authorities, the private sector, and citizens, we
cans into the knowledge society. In addition, it are building a more prosperous Mexico.
.
Enrique Peña Nieto
President of the United Mexican States
Table of Contents November 2014
16 22 46
Special Report Business Tips Mexico in the World
Green Solutions 2014: Mexico and Renewable Opportunities for Cooperation
Opportunities for Green Energy Generation between Mexico and the Netherlands
Investment in Mexico in the Food and Agriculture Sector
cover feature
THE NEW MEXICAN
ENERGY MODEL
18
archive
photo
From
ProMéxico
10 12 Briefs 24
figures
Special Feature: Mexican Food Industry Mexico’s Partner
40 Mexico Feeding the World 56 Cool Flavors 26 Swiber Offshore México
La Nao Foods 58 Mieles Campos Azules 28 3Tek Solar
48
30 Gamesa
50 Intergan 60 Comal Foods 32 Sunpower
52 Prinsa 62 Agri-food Industry Figures 34 Eosol Energy
36 Newen
54 CAFESCA 64 Preserving Mexico’s Flavors
38 Risen Energy México
The Lifestyle The Complete Guide
to the Mexican Way of Life
courtesy of cirque du soleil
66
courtesy of fr-ee
68
Fernando Romero:
The Beauty, Sustainability,
Lifestyle and Economic
Briefs Development
photo
photo
courtesy of fernando montiel klint
70 78
Mexico, Protecting
a Series of Our Water,
Contemporary Land, and
archive
Snapshots Skies
photo
photo
Riviera Nayarit,
Mexico’s Pacific Coast Treasure
courtesy of pacific golf course
Nestled between the Pacific and the Sierra Madre
Occidental, in the space of just a few years this
tropical paradise has become one of the country’s
most interesting tourist destinations, whether you
want to relax, take up residence, or do business.
74
photo
| Negocios ProMéxico
Para exportadores
Reflexiones
en torno
a la sustentabilidad
energética en México
90
De
ProMéxico
82
breveS 84
Encuentro 1:1, Apuntes y reflexiones
creatividad de sur a norte para concretar negocios
en el mercado peruano
87 92
La internacionalización Retos para
de servicios: la internacionalización
archivo
Experiencias del turismo de las pymes Mexicanas
de reuniones
en Francia
fotos
88 94
November 2014 7
| Negocios ProMéxico
ProMéxico
Francisco N. González Díaz
CEO
Karla Mawcinitt Bueno
Communication and Image
General Coordinator
Sebastián Escalante Bañuelos
Director of Publications and Content
sebastian.escalante@promexico.gob.mx
Copy Editing
Felipe Gómez Antúnez
Jorge Morales Becerra Contreras
Advertising
negocios@promexico.gob.mx
Cover Photo
Archive
Editorial Council
consejo editorial
Ildefonso Guajardo Villarreal
Francisco de Rosenzweig Mendialdua
Enrique Jacob Rocha
Francisco N. González Díaz
Embajador Alfonso de Maria y Campos Castelló
Luis Miguel Pando Leyva
Francisco Javier Méndez Aguiñaga
Rodolfo Balmaceda
Guillermo Wolf
Jaime Zabludovsky
Gabriela de la Riva
Adolfo Laborde Carranco
Silvia Núñez García
María Cristina Rosas González
Ulises Granados Quiroz
Karla I. Mawcinitt Bueno
Negocios ProMéxico es una publicación mensual editada por ProMéxico, Camino a Santa Teresa número 1679, colonia Jardines del Pedregal, delegación
Álvaro Obregón, CP 01900, México, DF Teléfono: (52) 55 5447 7000.
Portal en Internet: www.promexico.gob.mx; correo electrónico: negocios@promexico.gob.mx.
Editor responsable: Gabriel Sebastián Escalante Bañuelos. Reserva de derechos al uso exclusivo No. 04-2009-012714564800-102. Licitud de título:
14459; licitud de contenido: 12032, ambos otorgados por la Comisión Calificadora de Publicaciones y Revistas Ilustradas de la Secretaría de Gobernación.
ISSN: 2007-1795.
Negocios ProMéxico año 7, número XI 2014, noviembre 2014, se imprimió un tiraje de 13,000 ejemplares. Impresa por Cía. Impresora El Universal, S.A. de C.V. Las
opiniones expresadas por los autores no reflejan necesariamente la postura del editor de la publicación. Queda estrictamente prohibida la reproducción total o parcial de
los contenidos e imágenes de la publicación sin previa autorización de ProMéxico. Publicación gratuita. Está prohibida su venta y distribución comercial.
ProMéxico is not responsible for inaccurate information or omissions that might exist in the information provided by the participant companies nor of their economic solvency. The
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Although this magazine verifies all the information printed on its pages, it will not accept responsibility derived from any omissions, inaccuracies or mistakes. November 2014.
Download the PDF version and read the interactive edition of This publication is not for sale.
Negocios ProMéxico at negocios.promexico.gob.mx. Its sale and commercial distribution are forbidden.
November 2014 9
From
proméxico.
Few countries can truly claim try, this edition includes content related
such a profound transforma- to the country’s agri-food sector. Mexico
tion as Mexico. The New has a gastronomic tradition recognized as
York Times recently referred Intangible Heritage by UNESCO. It offers
to it as “radical.” Probably a vast assortment of products that have
one of the most relevant steps is the trans- innovated their processes and penetrated
formation of the energy sector. It opens a traditional and non-traditional markets.
great attractive market to foreign investors, As a result, the country occupies a privi-
through services, licenses, profit-sharing leged role as a producer and supplier of
and production-sharing agreements. In few food and beverages.
words, for the first time in over 75 years, Mexico is the leading exporter of beer,
private companies can participate in Mex- mango, mezcal, papaya, tomato and tequila,
ico’s energy sector. A Citibank study esti- among other products. It excels in the export
mates that the impact of the energy reform of confectionery, baked goods and meat prod-
will attract over 40 billion usd in invest- ucts, to name just a few examples. Moreover,
ment flows between 2015 and 2019. it is the sector’s second most important sup-
In addition, Mexico represents a window plier to the US and the third largest producer
of opportunity for the development of renew- of processed foods in America.
able energies. Mexico is the third most impor- ProMéxico has driven the formation
tant destination in the world for investment of agri-food export consortia in order
in solar energy projects and its wind potential to strengthen small producers and help
is one of the most attractive. The renewable them to export and internationalize. For-
energy sector has recorded steady growth in eign demand for agri-food products from
the country during the last decade. Installed Mexico has increased significantly, not
capacity for energy generation from renew- only to serve Hispanic consumers, but
able sources has grown substantially and also to supply Halal and Kosher markets.
conditions are ripe for business development Mexico definitely has many competi-
in the sector, as you will discover in this issue. tive advantages. Energy and agri-food are
In order to go deeper into business de- just two we want to highlight for the in-
velopment and opportunities in our coun- ternational business community.
Welcome to Negocios!
Francisco N. González Díaz
CEO
ProMéxico
11
BRIEFS BRIEFS
ELECTRIC AEROSPACE
WEG builds new plant cutting edge training
Brazilian electrical equipment manufacturer WEG will build a European aircraft manufacturer Airbus The 15 million USD center will pro-
new production plant in the state of Hidalgo, with an investment will open a Center for Research and In- vide training for pilots and other airline
of 120 million usd, to provide metallurgical and machining pro- novation in Aerospace Engineering un- operations personnel.
cesses for metal parts. der the auspices of the Autonomous Uni-
versity of Nuevo León. www.airbusgroup.com
www.weg.net
archive
archive
photo
photo
AUTOMOTIVE
BIOTECHNOLOGY
sumitomo targets
aguascalientes
STRONG SEEDS FOR A STRONG INDUSTRY
courtesy of airbus
Japanese auto parts maker Sumitomo
US-based biotechnology multinational Monsanto inaugurated Electric Industries plans to build a new
a new seed technology research center in the western state of manufacturing plant in the state of Aguas-
Jalisco. The new site is planned to centralize the company’s ef- calientes. The projected 28 million USD fa-
archive
forts to develop new hybrid and genetically modified strains of cility will produce sintered parts for trans-
corn. Monsanto expects to invest 90 million usd over the next mission gears and key engine parts.
photo
five years in its new research center.
photo
global-sei.com
www.monsanto.com
AUTOMOTIVE
RENEWABLE ENERGY
TOYODA GOSEI
CLEAN POWERED LANDS IN GUANAJUATO
INNOVATION
Japanese auto parts maker Toyoda Gosei
French electricity company Schneider Elec- will invest 67 million usd to establish a
tric will construct Mexico’s first 100% so- new manufacturing plant in Guanajuato.
lar-powered building in the northern state The site is projected to produce radiator
of Nuevo León, which is expected to be up grills, console boxes and other parts for
and running by 2016. the region’s automotive OEMs.
The building, to be located in the city
of Monterrey’s technological research www.toyoda-gosei.com
and innovation park (PITT) –a hub for
local tech firms– will house Schneider’s
design center.
The building, to be constructed with
the support of the federal government and
archive
archive
boasting zero electricity consumption, will
occupy land adjacent to the company’s of-
fices in the IT hub.
photo
photo
www.schneider-electric.com
BRIEFS BRIEFS
RENEWABLE ENERGY infraestructure
capturing sun power
manzanillo is among
Mexican solar power developer Iusasol is the world’s top 100 ports
building a new photovoltaic cell manufac-
turing plant in Estado de México. The 200 Containerisation International and
million usd facility is intended to serve Lloyd’s List issued their traditional annu-
growing demand driven by Mexico’s re- al ranking of the list of the top 100 global
cently implemented energy reform. containerized ports.
According to the publication, eight
iusasol.com ports of Latin America are among the top
100 ports worldwide. The Mexican port of
Manzanillo is ranked 68th worldwide.
According to Lloyd’s, Manzanillo is
archive
archive
the main commercial port for Mexico’s
containerised cargo and one of the five
largest hubs in Latin America.
photo
photo
In 2013, Manzanillo began operations
at the port’s second specialised container
terminal (TEC II), that Philippines-based
RENEWABLE ENERGY The wind farm will be equipped with International Container Terminal Services have the capacity to handle 2 million will have three docks in order to handle
33 turbines, each with rated power of 1.5 Incorporated (ICTSI) will run under a 37 TEU annually by 2020. super post-panamax vessels.
MW and a rotor diameter of 77 meters, year concession through Contecon Man- TEC II, with a first phase 400,000 TEU
winds of success mounted on 80-meter-high (hub height) zanillo.The three stage ICTSI project will capacity, occupies an area of 73 ha and www.lloydslist.com
steel towers.
Spanish renewable energy developer Construction work on the site –near
Acciona Energía has signed a contract the Eurus, Oaxaca II, Oaxaca III and energy
worth 111 million usd with private in- Oaxaca IV wind farms, all owned by
vestors Actis and Comexhidro for the Acciona– is expected to conclude in the
design, engineering and construction of a fourth quarter of 2015.
A positive reform
49.5 MW wind farm in Mexico. When completed, the Ingenio wind
The Ingenio wind farm, located in the farm will produce enough clean energy
Isthmus of Tehuantepec in Oaxaca, in- to power 125,000 Mexican homes, while According to BBVA Bancomer’s Regional
archive
cludes, through additional contracts, the avoiding the emission of 206,000 metric Sector Situation analysis, thanks to the
sale of the project developed by Acciona tons of CO2 that would have been pro- recently implemented energetic reform in
Energía México to its new owners, plus the duced by conventional power stations. Mexico, the states of Tabasco, Veracruz,
photo
operation and maintenance of the wind Chiapas, Puebla, Tamaulipas, Nuevo León,
power complex for 15 years. www.acciona-energia.es Coahuila and San Luis Potosí will register
a higher economic dynamism by 2018
than the one they would have observed
without the reform.
According to the document, the larg-
est oil production platform imply that
Tabasco, Chiapas and San Luis Potosí
AUTOMOTIVE
archive
will accelerate their growth. With the re-
form, Tabasco will grow 7%; Chiapas, just
brp’s third in mexico over 4% and San Luis Potosí, above 5%;
photo
whereas without reform, the expansion of
Canadian sports vehicle maker Bombardier the Gross Domestic Product (GDP) in Ta-
Recreational Products (BRP) plans to begin basco would be close to 4.5%; in Chiapas,
construction on its third manufacturing 2.5%, and San Luis Potosí, under 4%. “To In an exercise on energy projections, Based on the potential growth of these
plant in Mexico in 2014. The 55 million enable greater oil production platform in BBVA Bancomer considers that the produc- state economies, BBVA Bancomer predicts
usd site, to be located in the northern bor- the coming years is one of the main goals of tion of oil and natural gas will increase 20% that Mexico’s GDP will grow a percentage
der city of Ciudad Juárez, Chihuahua, will energy secondary laws. The benefits of this by 2018; however, it also estimates that the point more than the expected without en-
manufacture all-terrain vehicles. will be reflected primarily in those states share of hydrocarbon extraction from wa- ergy reform in 2019, to reach 4%.
archive
that concentrate both conventional and un- ters, generally attributed to Campeche,
www.brp.com conventional resources,” says the report. would be 20% lower compared to 2014. www.bbvaresearch.com
photo
Negocios ProMéxico | Special Report photo archive Special Report | Negocios ProMéxico
The event has become a
Green space for dialogue that
Solutions unites the triple helix of the
public and private sectors
2014: and academia, with the
Opportunities goal of sharing new trends
for Green and linking networks that
develop into innovation and
Investment business opportunities for
in Mexico the national economy. Thus,
the promotion of a forum
The mitigation of climate change, of this scope is fundamental
economic sustainability, and
to motivate the domestic
care of the environment have
been key components for the market and the growth of
Mexican government, companies, green business in Mexico.
institutions, and other organizations.
The transition towards the use of
clean energy sources, the reduction
of energy consumption, and support
for sustainable city models will
be crucial components for Green
Solutions 2014.
by francisco n. gonzález díaz*
Almost a quarter of the installed capacity
for energy generation in Mexico is derived
from renewable sources. Installed capac-
ity is currently at 15 gigawatts (GW), but is
expected to reach 35GW by 2027. Mexico
is convinced that the development of clean
technologies and energy generation from al-
ternative sources are elements that cannot be
put aside. For this to be consolidated, more
incentives must be put in place to attract the
green investment needed by the sector.
Green Solutions has been and is one of
the major efforts of the Mexican govern-
ment to promote sustainable business and
attract green investment. As the name sug-
gests, it is a forum to seek and find solutions of green business in Mexico. 3. Promote business meetings. undergoing and the potential for the future. • Environmental public policies. The impetus from the Mexican gov-
that achieve greater energy efficiency, reduce This year will be the 5th edition of 4. Offer solutions in terms of financing, Structural reforms were proposed and ad- • Agro-industry and sustainable manu- ernment towards events like Green So-
carbon dioxide emissions, and optimize the this important event. Green Solutions liaison, knowledge of regulations, and opted in several sectors which are of great facturing. lutions shows the country’s commitment
use of natural resources, among other goals. 2014 will be held on November 5 and 6 investment opportunities related to the importance for the environment, energy, • Green financing. to its environmental future, but also to
The event has become a space for dia- and ProMéxico will be joined by the state recent approval of reforms. and education. They give us a glimpse of the • Renewable energies. attaining business opportunities aimed
logue that unites the triple helix of the of Aguascalientes, which has decisively 5. Communicate the investment opportu- modernization and optimization of “green” • Opportunities and green investment at promoting the use of clean energy
public and private sectors and academia, pushed the fight against climate change nities derived from the recent structural sectors, allowing sustainable development for SMBs. sources.
with the goal of sharing new trends and and care of the environment. This edition reforms. and taking our country to a more competi- Green Solutions has successfully held Great transformations have been made
linking networks that develop into innova- will aim to: Some 3,500 participants are expected. tive level in the global economic arena. four previous editions with an atten- a reality thanks to a meeting of minds.
tion and business opportunities for the na- 1. Spread Mexico’s potential and com- The main topic of this forum is Green invest- In an effort to support the sustainable dance surpassing 15,000; 5,000 business Mexico is pulling together to ensure a
tional economy. Thus, the promotion of a mitment to green investment. ment to bring Mexico to its full potential. products and services industries in Mexi- meetings and 115 conferences, panels, more prosperous, greener Mexico. N
forum of this scope is fundamental to mo- 2. Transfer public environmental policies The relevance of this topic is directly linked co, Green Solutions 2014 will address the and seminars. In 2014, new horizons are
tivate the domestic market and the growth to the business sphere. to the transformation process the country is following topics: sought. *CEO of ProMéxico.
16 November 2014 November 2014 17Negocios ProMéxico | Cover Feature photo courtesy of pemex Cover Feature | Negocios ProMéxico
The intention is to create competitive mar- tal Protection Agency of the Hydrocarbons A fundamental aspect of the
kets that enable, in the short and medium Sector (ANSIPA). Finally, the Mexican Pe- reform is the transformation
terms, the reduction of energy costs, a se- troleum Fund for Stabilization and Devel-
cure supply, and to reach all current and opment –a public trust fund managed by of both Pemex and
potential consumers in the most efficient Mexico’s Central Bank– was created and the Federal Electricity
and sustainable way. will be responsible for the long-term man-
Commission (CFE) into State-
These changes throughout the energy agement of oil revenues.
value chain adhere to one of the central A fundamental aspect of the reform is owned productive enterprises,
goals of the current Administration: to the transformation of both Pemex and the so that now they have the
modernize the country’s institutional ar- Federal Electricity Commission (CFE) into
rangement to give the Mexican economy State-owned productive enterprises, so
obligation to generate value
heightened competitiveness. Along with that now they have the obligation to gen- for their owners, that is, for
the education, financial, tax and telecom- erate value for their owners, that is, for all all Mexicans.
munications reforms, the transforma- Mexicans. To achieve that aim, their inter-
tion of the energy sector will further the nal structure was modernized to resemble
dynamic performance of all the country’s that of energy companies in their field, with
production forces, bringing greater pros- a professional management board and the
perity to the population as a whole. flexibility to partner with third parties, to
Regarding institutions, greater pow- manage their budgets autonomously and
ers are given to the Ministry of Energy seize the business opportunities they deem
(SENER) and to the energy regulatory appropriate. The State is no longer a man-
bodies such as the National Hydrocarbon ager but an owner.
Commission (CNH) or the Energy Regula- As a result of Round Zero –process by
tory Commission (CRE). National energy which the State granted Pemex the fields
control centers are also created to encour- for which it proved to have financial,
age competitive natural gas and electricity technical and execution capabilities– Pe-
markets (Cenagas and Cenace), as well as mex received 20,589 million barrels of oil
an independent regulator called the Na- equivalent (MMboe) in proven and prob-
tional Industrial Security and Environmen- able reserves (2P), enough to guarantee
THE NEW MEXICAN
ENERGY MODEL
On August 12, 2013 the Mexican government announced its constitutional
Energy Reform initiative to attract investment and modernize the
energy sector. After more than 14 months of open debate, the design
and institutional framework stage of the Energy Reform was concluded
last October 31 with the publication of the operational rules of the new
legislation and institutions of the energy sector.
by the ministry of energy
This comprehensive Energy Reform tainability and environmental protection,
aims to boost economic growth, promote and 6) maximizing the State’s revenue for
social development and take care of the the Nation’s long-term development.
environment, enhancing the country’s Mexico now has a modern energy
competitiveness and increasing its produc- model. The hydrocarbons sector allows
tion and industrial capacity. The design private investment in the exploration and
of the new energy model was based on exploitation of hydrocarbons, in the pro-
international experience and best prac- cessing, transport and storage of hydro-
tices, as well as on six basic principles: 1) carbons, petroleum products and petro-
hydrocarbons in the subsurface belong to chemicals, as well as in distribution and
archive
the nation, 2) free market access and di- marketing. In the power sector, private en-
rect and fair competition amongst State- terprises can now invest in the generation
owned enterprises and private companies, and supply of electricity and, on a contract
photo
3) strengthening of regulatory bodies, 4) basis, in the expansion and modernization
transparency and accountability, 5) sus- of the transmission and distribution grids.
18 November 2014 November 2014 19Negocios ProMéxico | Cover Feature photo archive Cover Feature | Negocios ProMéxico
operation, approve the exploration and The expected investment for this first called upon to take a leading role, either
development plans and authorize the sur- round, including Pemex’s farm-outs, is as service providers, international busi-
face exploration and drilling of explor- estimated at more than 12.6 billion USD ness partners or operators. The State is
atory wells. The Ministry of Economy per year, that is, 50.5 billion USD over the working to build thorough public poli-
(SE) will monitor compliance with local 2015 – 2018 period. cies that will create a national energy
content goals, while the ANSIPA will be The tendering of the different types industry and stimulate the emergence of
responsible for the oversight of industri- of areas will be staggered throughout production chains and high-paying jobs,
al safety and environmental protection. 2015. The terms and conditions for shal- as has already happened in other indus-
Finally, all public revenue, other than low waters will be published in the first tries such as automotive and aerospace.
taxes, from hydrocarbons exploration two weeks of November, followed by ex- In designing the legal framework for
and extraction activities will be managed tra heavy oil in the first half of December. the operation of the Mexican energy sec-
by the Mexican Petroleum Fund. In the case of Chicontepec and uncon- tor, priority was given to adhering to in-
On August 13, an initial approxima- ventional resources, the terms and condi- ternational best practices. One of the ad-
tion of the blocks that will be offered up tions are expected to be published in the vantages of being among the last coun-
for bidding as part of Round One was first half of January 2015, whereas those tries to open up to private investment is
announced to the public. From the geo- of onshore and deep-waters will be pub- the opportunity to learn from previous
logical information available, 169 blocks lished in the first two weeks of February experiences, both positive and otherwise.
with high resource potential were iden- 2015 and March 2015, respectively. The With the guidance of the State and strict
tified –60 of them can be classified as first contracts are expected to be awarded transparency rules, the participation of
development or extraction blocks while between June and September 2015, so that private investment will inject dynamism
109 of them as exploration blocks. by the end of next year, the Energy Reform to an industry that had been closed off
The first approximation to Round will be yielding its first results in terms of for decades. With this new energy mod-
One includes shallow water blocks, un- hydrocarbon production. el, Mexico will be able to ensure energy
conventional fields, and deep water. The This reform opens up important busi- supply for the development and competi-
goal of this diversity is to attract com- ness opportunities for both local and for- tiveness of the national economy for de-
panies of different sizes and specialties. eign investors. Mexican companies are cades to come. N
Exploration Pemex
(Prospective Farm-0uts Extraction
resources) (2P Reserves) (2P Reserves)
Mexico now has a modern 15.5 years of production at the current activities through contracts with private
energy model. The hydrocarbons rate. This figure represents 100% of the companies, state productive enterprises or Blocks Surface 4yr estimated Annual
Volume*
company’s requested reserves and 83% partnerships between the two. The design (Number) (Km2) Total: 183 investment** estimated
sector allows private investment of the nation’s 2P reserves; the remaining of the contractual process provides for the investment**
Total: 183 Total: 29,112 Total: 50,500
in the exploration and 17% of 2P reserves are available for future participation of different agencies in order
109 25,903 14,606 19,000 Total: 12,625
bidding rounds. to maintain an institutional framework of
exploitation of hydrocarbons, 4,750
Regarding prospective resources, Pe- checks and balances.
in the processing, transport mex received 21% of the nation’s total SENER will be in charge of the selec-
and storage of hydrocarbons, and 67% of what it asked for. These en- tion of the areas that will be up for bid, 4,100
titlements guarantee Pemex’s solid plat- the design of the contracts and the bidding 16,400
petroleum products and form to meet the new scheme of competi- guidelines. The kind of contract will be de-
petrochemicals, as well as in tion, while the State ensures a minimum cided based on the type of resources in the 3,775
distribution and marketing. production level. Pemex will be able to bidding areas and following international
participate in later bidding rounds on an best practices. 60 15,100
In the power sector, private equal ground with other bidders. Pemex The Ministry of Finance and Public
enterprises can now invest in the also has the possibility to request the mi- Credit (SHCP) will be in charge of defin-
generation and supply gration of its entitlements to contracts, ing the fiscal terms and awarding vari-
and of forming partnerships. In the inter- ables. In the interests of transparency
of electricity and, on a ests of transparency and suitability, the and in order to minimize discretional ac-
2,597 3,782
contract basis, in the selection of its partners in these farm-outs tions, the awarding variables will be emi-
will be the result of an international pub- nently economic, and could be payment
expansion and modernization
lic bid conducted by the CNH. Until now, to the government, a work commitment 1,557
of the transmission the company has announced its intention beyond the minimum or a combination 141 612
oldemar
and distribution grids. to migrate 14 fields grouped into ten con- of both.
tracts, with total estimated 2P reserves of The bidding processes, including
1,557 MMboe. awarding and signing of the contracts on
graphic
Besides Pemex’s entitlements, the State behalf of the State, will be performed by
will conduct exploration and extraction the CNH, which will also supervise their *Million Barrels of Oil Equivalents / **Million / 1In 10 contracts
20 November 2014 November 2014 21Negocios ProMéxico | Business Tips photo archive Business Tips | Negocios ProMéxico
Mexico and Renewable Mexico can achieve the goal it has set itself by increasing
Mexico can achieve the goal it has
Energy Generation wind power alone. However, it is expected that as part of
set itself by increasing wind power alone.
However, it is expected that as part of that
that goal, it will also enjoy a boost to power generation goal, it will also enjoy a boost to power
generation from other renewable sources.
With a strong commitment to the development of renewable energies, Mexico is seeking to meet its energy needs from other renewable sources. Geothermal energy, for example,
and at the same time display global responsibility by contributing to the reduction of emissions responsible for the presents low relative costs. If geothermal
greenhouse effect. resources are achieved equivalent to the
quality of steam deposits found to date,
by maría cristina rosas * While developed countries have energy geothermal generation could amount to
policies that favor renewable sources, a 2.3% of total capacity by 2026. Today,
In the early 19th century, 95% of the growing trend is also observed in emerging Mexico is the fourth largest producer of
primary energy consumed in the world economies to promote their development. electricity from geothermal energy, behind
came from renewable sources. A century To date, 95 developing countries have pro- only the US, the Philippines and Indonesia.
later, that percentage had fallen to 38% posed promotion of clean energy genera- There is already an initiative of public
and at the beginning of this century it tion technologies. and private bodies in place to set up three
stood at just 16%. That trend seems to The list of the five leading countries in research consortia for renewable technolo-
be reversing, as in many industrialized energy generation from renewable sources is gies allocated through the Sustainable En-
countries the proportion of renewable headed by China, a country which is respon- ergy Sector Fund, aimed at identifying and
energy has grown considerably in the sible for 24% of renewable capacity world- supporting the country’s capabilities for
last two decades. wide. In 2013, for the first time, the energy expanding energy generation, with the em-
Global investment in renewable en- derived from hydropower, photovoltaic and phasis on geothermal energy.
ergy has grown dramatically: in 2004 it wind sources exceeded that produced from In that regard, the Transmexican volca-
was 22 billion USD, rising to 130 billion fossil fuels and nuclear energy in this coun- nic axis has been identified as a priority area
USD in 2008, 160 billion USD in 2009, try. The US is in second place, followed by crossing the country transversely from Co-
and 211 billion USD in 2010. About half Brazil, Canada and Germany. lima to the borders of Puebla and Veracruz
of the estimated 194 gigawatts (GW) Throughout this decade, the falling states with significant areas of thermal activ-
of new electricity capacity in the world cost of technologies that make use of re- ity, whose development may help establish
in 2010 was renewable energy. In early newable energy sources has led to high Mexico’s position as one of the largest gen-
2011, at least 118 countries had policies growth rates in manufacturing, particu- erators of geothermal energy on the planet.
in place to support renewable energy or larly in solar photovoltaic technology but Meanwhile, as reported by the Euro-
some kind of national goal or quota, well also wind power and biofuel production. pean Photovoltaic Industry Association
above the 55 countries that had such Mexico made a commitment to reduce (EPIA), Mexico is among the three most
policies in 2005. GHG emissions by 30% by 2020 and attractive countries in the world to invest
The growing interest in renewable 50% by 2050, according to the Climate in photovoltaic projects. States like So-
energies is due to several factors. First, Change Law passed in June 2012, in order nora, Chihuahua, Durango and Baja Cali-
these energy sources contribute to reduc- to comply with the provisions agreed at fornia have the land area and potential for
ing greenhouse gas (GHG) emissions. the United Nations (UN) and in the Kyoto installing electricity-generating capacity
They also reduce energy dependence and Protocol, where the country voluntarily using solar concentration fields. Similarly,
contribute to job creation and techno- imposed a reduction in the use of fossil the levels of solar radiation along the Pa-
logical development. The arguments in fuels for electricity generation of 65% by cific coast and the states in the northeast-
favor of renewables have been endorsed 2024, 60% by 2035 and 50% by 2050. In ern region permit further expansion of so-
by numerous analyses and are supported addition, Mexico has set a goal of gener- lar panel installations in the country.
by major international institutions. As ating 35% of power in the country from Thus the outlook for renewables is ex-
environmental sustainability policies be- renewable sources by 2024. In that regard, tremely promising. According to informa-
come consolidated around the world, it numerous opportunities are emerging in tion from ProMéxico, from 2008 to date
is necessary for countries to include envi- the area, to which the recent energy reform it has attracted 47 multiyear green invest-
ronmental impact studies in their devel- • Emissions reduction. Unlike hydrocarbons, renewable ener- The energy generated by renewable must be added. ment projects from abroad –mostly in the
opment plans, which inevitably leads to • Economically viable and abundant. gies are inexhaustible. For example, the sun sources worldwide grew 8.3% in 2013, rep- Under the National Energy Strategy wind sector– totaling more than 8.2 bil-
increased use of renewables. • Forms of energy that are close to con- produces 2,850 times more energy than is resenting 22% of total energy production. 2012-2026, the Special Program for the lion USD and more than 4,950 new jobs.
The use of renewable energy brings sumers. needed in the world today; wind energy has Meanwhile, jobs in the sector increased 14% Development of Renewable Energies, pro- According to ProMéxico, the renewable
with it several advantages, which in- • Promotion of an intelligent cycle of the potential to meet that goal 200 times; to 6.5 million. According to the Renewable grams on bioenergy, the Program for the energy sector receives the second highest
clude: production, consumption and distri- biomass 20 times; geothermal five times; Energy Policy Network for the 21st Century Promotion of Solar Water Heaters in Mex- amount of confirmed investment, exceeded
• An increase in supply and the amount bution. waves and tides trice, and hydropower once. (REN21), in 2013, the world developed re- ico (Procalsol) and the wider evolution of only by the automotive sector. N
of energy, enabling countries to meet • Use of locally available energy re- According to the Research Association for cord power generation capacity from renew- the energy market in the coming years, we
their socio-economic needs. sources, meaning they are friendly Solar Power, the solar radiation that reaches able sources of 1,560 GW, meaning that now can expect an expansion of the infrastruc- *Professor and researcher in the Political and
• Renewability and sustainability of re- to the environment and can promote Earth in a single day holds enough energy to more than a fifth of world energy production ture using renewable energy to generate Social Sciences Faculty, National Autonomous
sources. community development. meet current demand for eight years. comes from renewable sources. electricity, heat and biofuels in the country. University of Mexico (UNAM).
22 November 2014 November 2014 23Negocios ProMéxico | Figures infographic oldemar Figures | Negocios ProMéxico
A BRIGHT FUTURE
Renewable energy in Mexico
Mexico has an enormous That is almost It is expected that by The regions with the greater Average daily solar Mexico is part of the Mexico has the potential Mexico has the largest
capacity to generate electricity one quarter of 2024, 35% of the potential for wind energy in radiation during the "Sun belt", which to generate 6,500,000 GWh manufacturing base
from renewable sources. In the country’s electricity generated in Mexico are the Isthmus of year in Mexico is means it is among the per year from solar energy. of photovoltaic panels
2013, the country’s installed installed the country will come Tehuantepec (Oaxaca), the 5.5 kilowatt-hour per five most suitable That is equivalent to in Latin America,
capacity to produce energy capacity to from clean technologies. Gulf of Mexico, la Rumorosa square meter (kWh/m2), countries for the approximately 27.6 times with a production
upon renewable sources was generate By 2035 that figure will (Baja California) and the but in some regions it development of the country’s total consumption capacity of over
14,891 megawatts (MW). electricity. be 40% and 50% by 2050. Yucatán Peninsula. may exceed 8.5 kWh/m2. photovoltaic projects. of electricity in 2013. 737 MW per year.
6,000 6,000 6,000 6,000 6,000
HOW 3,000 9,000 3,000 9,000 3,000 9,000 3,000 9,000 3,000 9,000
MUCH 0 12,000
450
0 12,000
2,000
0 12,000
100
0 12,000
75
0 12,000
500
RENEWABLE Installed
capacity MW 0 900 MW 0 4,000 MW 0 200 MW 0 150 MW 0 1,000
ENERGY DOES 11,694 890 1,638 3,332 823 169 661 120 76 976
MEXICO
GENERATE? Capacity under
MW, 2013 construction Hydro Wind Geothermal Biomass Solar
Baja California WHERE IS RENEWABLE A GROWING BUSINESS
ENERGY PRODUCED IN MEXICO? Investment in renewable
14
Main states with installed energy projects in Mexico
24* 539 570 37 2,922
capacity in 2013 (million , estimated upon investment announcements)
Stations in operation and #
Sonora under construction, MW NUMBER
7
OF PROJECTS 2500
2,423
Tamaulipas
37* 2 386
5
500 13 1,897 2000
Baja California Sur
San Luis Potosí
1500
1 10 136
200 81 33 4
3 1,000
Coahuila 1000
Veracruz 1 874 4
750 869
501 33 37
572* 40 268 500
1
273
Nuevo León Jalisco Oaxaca 1
91
0
324 28 56* 50 66 84 19* 2,707 33 ‘o3 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13
*Only includes hydroelectric plants with installed capacity of 30 MW or less. Sources: Federal Electricity Commission (CFE) / Energy Regulatory Commission (CRE) / FDI Markets.
24 November 2014 November 2014 25Negocios ProMéxico | Mexico’s Partner photos courtesy of swiber offshore mexico Mexico’s Partner | Negocios ProMéxico
Swiber Offshore México, long and 36 inches in diame-
ter –almost the same distance
In less than three years, the company has
invested about 250 million usd in Mexico. In
savings of up to 100 million
USD for the client.
The Treasure that Lies as the Panama Canal– that
we built under the sea in the August 2014, Swiber executives announced to
Mexico has surpassed
Swiber Offshore’s expectations.
in Mexican Waters area of Campeche.”
Based on that experience,
the press the firm’s intention to invest about 700 The future of the firm in the
country will be linked to the
million usd in the country by 2017, thanks to
Swiber decided to settle its oil and gas industry over the
Having established itself in Mexico, Singaporean company Swiber Offshore has strategic offices in Mexico in the reform in the energy sector implemented by next few years, says Villegas.
decided to double its investments over the next five years. The idea is to invest up to order to expand its opera- the Mexican government. “There are great expectations
700 million usd in the Mexican energy sector. tions to the Americas. Also for the energy reform, especial-
as a reaffirmation of its long- ly for Mexico’s future, and we
by antonio vázquez
term commitment, Swiber that the country has led to big example, the company man- are ready to make our contri-
flagged its five vessels with profits for the company. aged to put in place a deepwa- bution. I am pleased with what
Less than three years ago, Mexicanos (Pemex) the firm a project that consists in the the Mexican flag. “It is a country with an ter platform weighing approxi- Mexico has achieved and the
Mexico was totally unknown was surprised at what it meant procurement, transportation, “A good definition of excellent geographical posi- mately 13,000 tons. It did so changes in the energy industry
to Swiber Holdings Limited, a to invest in Mexico. and installation of a pipeline what the company does is de- tion but Mexico also has a by working back-to-front: that are intended to create a
Singapore company and lead- With 18 years’ experi- in the Gulf of Mexico. veloping offshore fields. Once well-earned reputation in the building the infrastructure on more prosperous and efficient
ing global integrated construc- ence, more than 2,500 em- Antonio Villegas, Presi- various studies have been car- world, backed up by economic land and then using a special industry, as well as making it a
tion and support services pro- ployees worldwide, and list- dent of Swiber Offshore in ried out showing it is ready policies, and has an excellent vessel to position it at sea by a more competitive country,” he
vider to the offshore oil and ings on the Singapore Stock Mexico, clearly describes the to produce, a company like command of its macroeco- “float over” method (the plat- concludes. N
gas industry. After a big proj- Exchange, Swiber came to company’s first project in Swiber comes along to build nomic indicators. It has signed form slides over the water and
ect carried out for Petróleos Mexico in 2012 to work in Mexico: “A pipeline 77 km the installations for transport- free-trade agreements with is installed). That represented www.swiber.com
ing the oil from the well to several countries and has been
land. That was what we did in a pioneer in the field. For ex-
that first project and what we ample, it is in negotiations to
continue to do in others with join the Trans-Pacific Partner-
Pemex,” Villegas says. ship (TPP), to which Singapore
Internationally, the firm has is a party. All that means that
an operating fleet of 51 vessels Mexico’s business practices
–comprising 38 offshore and meet global standards,” says
13 construction vessels– in re- Antonio Villegas.
gions such as Asia-Pacific, Mid- Following the energy re-
dle East, and Latin America. form, Pemex will be one of
In less than three years, the main customers for Swiber
the company has invested Offshore in Mexico. Villegas
about 250 million USD in reveals that the company an-
Mexico. In August 2014, ticipates the national energy
Swiber executives announced sector will be one of the most
to the press the firm’s inten- important markets in the me-
tion to invest about 700 mil- dium and long term.
lion USD in the country by “That will be a very im-
2017, thanks to the reform in portant market for Swiber in
the energy sector implemented the next five years; it is a ques-
by the Mexican government. tion of combining the energy
“Our attention has been reform with other factors.
focused mainly on the Mexi- Pemex is a very productive
can market but we also want business […] and the idea is to
to explore in Colombia and establish capital investment of
we are looking at other op- about 700 million USD, with
portunities in the region, larger modern fleets working
including the Caribbean coun- offshore. A feature of our fleet
tries, Peru, Argentina, and is that it is made of vessels no
Venezuela, virtually all Latin more than five years old and
American countries, and we that gives it a special value,”
are even thinking of the US,” Villegas said.
Villegas adds. The technological and
Entering Mexican waters innovation component is im-
was no accident for Swiber portant for a company like
Offshore. Villegas explains Swiber Offshore. In India, for
26 November 2014 November 2014 27Negocios ProMéxico | Mexico’s Partner photos courtesy of 3tek solar Mexico’s Partner | Negocios ProMéxico
At the Plantronics plant,
the 1.16 MW photovol-
taic system was installed
with 4,300 solar modules
occupying an area the size of
two soccer fields. With such
a large-capacity system, the
Plantronics installation can
generate close to 2 GW hours
of clean energy per year, which
is equivalent to an annual re-
duction in emissions of 1,360
tons of carbon dioxide (CO2).
“Nationally, I know of no
other company that has inte-
grated a roof-top solar system
on par with our Plantronics
installation,” says the director
of 3Tek SOLAR.
Full Service
3Tek SOLAR competed with
US companies to win the bid 3Tek SOLAR competed with US companies to win the and replicate effective prac-
for the huge development bid for the huge development at Plantronics. Once it tices. Given current economic
at Plantronics. Once it had conditions, in which interest in
secured the contract, the com- had secured the contract, the company leveraged its 20 green energy and the benefits
pany leveraged its 20 years of years of experience in design and implementation of of the transitioning to them
experience in design and im- is quickly spreading, 3Tek
construction projects in the industrial and commercial
It’s Time to Turn and Face the Sun plementation of construction
projects in the industrial and sectors operating as Tri Tektura.
SOLAR is collaborating with
ProMéxico to plan new paths
commercial sectors operating for further expansion.
as Tri Tektura. Additionally, “Business leaders are going
3Tek SOLAR, Inc. recently designed and installed the largest and most ambitious self-supply rooftop solar 3Tek SOLAR provided its ex- to realize that they should not
project in Mexico. Such an achievement is the optimal platform from which to lead and revolutionize the pertise acquired over five years times throughout the day, and power generation data anytime miss out on taking advantage
country’s adoption of green energy. in power-needs analysis, and how it would interconnect during the day, how much is of the sun and the free, clean
integration of alternative en- with the electricity grid. Fur- being produced, and what the energy it provides. Further-
by omar magaña ergy generation technologies. ther consideration was given average amount of generation more, the openness to renew-
“We developed a complete to analyzing the best options will be for a given period. able energy is now clearly
On September 27, 2014 the entrepreneurs: self-supply ergy produce immediate and analysts, that is a very good EPC turnkey package: engi- for monitoring the system defined in local and national
first gigawatt was generated power generation from re- tangible results and that com- number, if not a great one,” neering; materials and equip- once it was in operation. Shifting the Paradigm regulations. As part of that
by 3Tek SOLAR’s sizeable newable sources. According panies who are committed to says Montoya. ment procurement; permitting; For the execution of the “There is a new mindset and openness, a tax benefit has
photovoltaic installation on to the company, this is the the idea will see marked sav- Systems that capture solar and system construction,” work, approximately 100 peo- culture to be developed in been established that will pro-
the Plantronics factory that ideal moment to invest in ings in their operating costs. radiation and convert it into Montoya recalls. ple were hired for the better Mexico,” says Héctor Mon- mote the growth of this sector
manufactures telecommunica- renewable energy and see the When Plantronics commis- electricity allow companies to During the prospecting part of a year. According to toya. From his point of view, as well as the company itself,”
tions components in Tijuana, immediate financial and envi- sioned 3Tek SOLAR to devel- fix resource costs at current stage, it was necessary to Montoya, “the staff was well Plantronics broke away from said Montoya.
Baja California –serving as a ronmental benefits of energy op their photovoltaic energy prices over the long term. think about the location of trained to carry out a project deep-seated beliefs in Mexico “Broader adoption of re-
70% self-sufficient clean en- self-sufficiency. system, its long-term goal was According to 3Tek SO- the solar power installation of this magnitude with the about the reliability of alter- newable energy systems may
ergy producer. Héctor Montoya, Director to maintain constant savings LAR, the average lifetime of from the viewpoint of the expected quality standards, on native energy systems. This take some time, however it is a
For 3Tek SOLAR, the of 3Tek SOLAR, emphasizes of 70% of its current energy photovoltaic modules is over local geographical and spatial time, and within budget.” highly successful giant step process that we are excited to
company responsible for the that the considerable cost- consumption, remarks Mon- 30 years, based on the manu- elements. A basic premise of The technology providers forward has served to trigger be a part of and to take a lead-
design and implementation of savings exhibited by the moni- toya. He recalls a phrase used facturers’ own standards. Hector Montoya is that in- were hired in the US, while the and expand new economic ing role in. Together with inno-
the project –the largest of its toring system in the Plantron- often by executives in the solar Moreover, since the systems dustrial building design is all wiring and support systems opportunities and establish an vative industrial leaders such as
kind in the private sector in ics photovoltaic installation industry in relation to cost have no moving parts, main- about maximizing long-term contracts were allocated to area of expertise in the solar Plantronics and skilled solar in-
Latin America– this is more should clear away any doubts reductions from renewable tenance costs are minimal. operations by reducing energy local businesses. The advanced industry in Mexico. tegrators like 3Tek SOLAR, we
than good news. It is a testa- or myths about alternative energy investing: “Going green Therefore, an investment in a costs and managing natural monitoring system was com- 3Tek SOLAR markets will most certainly consolidate
ment to the effectiveness and energy generation. The signifi- makes you green (dollars).” solar energy system generally resources. So, for the Plan- missioned from a US company itself as a company that bases its success throughout Mexico,”
value of what 3Tek SOLAR cant results in projects such as “In most cases, the in- pays for itself eight to nine tronics project it was necessary that provides the service over a its work on high standards of he concludes. N
has promoted over the last this one, clearly demonstrate ternal rate of return is in times over the course of its to assess how optimal energy five-year period. This enables quality, safety and sustainabil-
five years among Mexican that investments in solar en- excess of 14%. For financial lifetime. would be produced, at what the customer to obtain real-time ity –a company able to provide www.3teksolar.com
28 November 2014 November 2014 29Negocios ProMéxico | Mexico’s Partner photos courtesy of gamesa Mexico’s Partner | Negocios ProMéxico
Gamesa
by omar magaña According to information
from the firm, Gamesa has in-
Remains a Reference The largest manufacturer of
wind turbines in Spain, one
generation capacity of up to
500 MW in the state of Oaxa-
stalled more than 30,000 MW
in 45 countries and manages
Point of the top five manufacturers
worldwide and one of the
ca over the next three years.
“We aim to establish a
the operation and maintenance
of about 19,500 MW. As a
most important firms in the clear position in Mexico developer and builder of wind
Recent announcements by Gamesa in Mexico point to its development of wind proj- and to continue working in farms, it has installed 6,400
continued and growing involvement in a market where ects worldwide, Gamesa is the other economies in the MW and has a portfolio of
it has set itself clear goals ahead of the growing need for committed to maintaining its region while maintaining a 16,300 MW at varying stages
energy from renewable sources. leadership in Mexico, where strong presence in them: this of development.
it is investing heavily in the is an aggressive but feasible In Mexico, the company
renewable energy sector and, growth plan,” says Hipólito has installed around 1,400
as a result, has become the Suárez. MW and performs operation
nerve center of operations for Following a period outside and maintenance services
Gamesa in Latin America. the corporation, which he was for a further 1,000 MW. As
Among the recent an- part of for 15 years, Suárez a developer it has built 244
nouncements by the company returned in 2013 as Deputy MW and has a large portfolio
in the country, in addition to Director for Mexico and Latin under development.
the designation of Hipólito America. Upon his return, For Suárez there is no
Suárez as CEO, of note is the he acknowledges, he found a doubt about Gamesa’s leading
partnership with Santander company “with a more diversi- position in the country and
bank for the development of fied position and greater inter- future dominance in a market
wind power projects with a national presence.” that will place greater empha-
sis on clean energy over the
next decade. Among the recent announcements by the company in the country, in
“It depends on who you addition to the designation of Hipólito Suárez as CEO, of note is the
ask but overall the commitment
to renewable energy in Mexico partnership with Santander bank for the development of wind power
is strong. The goal set by the projects with a generation capacity of up to 500 MW in the state of
Ministry of Energy (SENER)
Oaxaca over the next three years.
in 2014 is that 35% of energy
produced in the country should
come from renewable sources. separate administration within energy more efficiently from demand; 2) regulatory stability:
Then there is the Special Pro- Gamesa– Mexico is recognized the sun, water, and wind. “We sense it will be a market
gram for Renewable Energy, as the largest market in Latin “We have a presence with significant legal certainty
which sets a target of 8,700 America and as a result the across the value chain: we and that is a great foundation
MW of installed capacity of corporation has a special fo- develop our own projects, we on which to take forward en-
wind power by 2017, which cus on the country and, from supply the machines –a niche ergy projects in general,” says
would be around 5,200 MW there, on strategies for Central in which we are also leaders– Suarez, and 3) local capacity
more than currently installed, and South America. and we provide maintenance. for the generation of suppliers
according to annual estimates In one way or another, our that the sector requires.
of installed wind capacity es- Maintaining understanding of the entire In relation to that last
tablished in the program itself,” the Differentiating value chain provides us with a point, Hipólito Suárez reveals
says Suárez. Factors benefit,” says Suárez. that Gamesa is locating sup-
To get an idea of the im- Gamesa is a corporation that “In the case of Mexico, we pliers of components for their
portance of wind energy in the develops solutions for the have additional benefits due to wind turbines in Mexico. As
renewables mix, the same pro- field of renewables: it manu- our proximity to customers and regards wind farm construc-
gram sets a target of 483 MW factures and markets its own our flexibility. In addition, our tion projects in the country,
of installed solar energy capac- turbine models on 2-2.5 MW agreement with Santander for Gamesa is working with Mexi-
ity for 2017, while installed and 5 MW platforms, in ad- the development of 500 MW can suppliers of engineering,
capacity for geothermal power dition to those in the offshore in the Oaxaca area puts us in a civil engineering, and electrical
should reach 962 MW. Only division for coastal water very good position,” he adds. work. The latter, according
generation from hydro power applications; it promotes, What lies on the horizon to Suárez, has involved the
tops wind, with a projected develops and sells wind farms, as a result of the energy reform recruitment of a thousand
installed capacity of 12,551 including their operation and in Mexico? Suárez highlights people working on parallel
MW by 2017. maintenance and invests in three characteristics of the construction projects. N
On that basis –leaving researching and designing emerging scenario: 1) a large
aside Brazil, which has a technologies that will produce market in terms of electricity www.gamesacorp.com
30 November 2014 November 2014 31You can also read
