The country’s energy regulatory commission (CRE) has yet to receive the paperwork from the electric car maker for its planned facility in Nuevo León state
Sources tell Bloomberg Línea that the government-imposed fine of the Spanish company will not interfere with its $6-billion sale of electric power plants
Companies are still eyeing E&P opportunities in the country, despite opposition presidential candidate Xóchitl Gálvez saying in recent days that auctions are no longer attractive
The oil engineer and former under secretary for hydrocarbons will continue to pursue President Andrés Manuel López Obrador’s energy policy, following the resignation of Rocío Nahle
Francisco Cabeza, president of the newly created association for the promotion of electric vehicle use, highlights the challenges facing the sector’s growth
The government of President Andrés Manuel López Obrador is proposing a $550,000 budget for the company that will be in charge of planning lithium-extraction projects and alliances with the private sector
The proposal is part of the 2024 budget, as seven private companies’ concessions end between this year and next, while the country’s provinces are also demanding participation in the projects
The high cost of producing the fuel could begin to drop as technology improves, and Brazil could be among the countries to offer lower production costs, although analysts don’t expect the cost to drop much before 2030
Executives believe that reducing the cost by 40%, as the government advocates, is not viable given that extraction is 300 km off the coast, sources told Bloomberg News
Siemens Energy last month detailed fresh problems in its onshore wind turbines, further hampering efforts to turn around its troubled Spanish subsidiary Gamesa
