This week in sustainability news: Mexico has launched an initiative to attract US$7.14 billion in private investment for renewable energy projects. Meanwhile, Canadian-owned mining companies have committed to a Sustainable Mining Standard, a global framework guiding their operations in Mexico. In the United States, Google signed a first-of-its-kind corporate agreement to support a natural gas power plant equipped with carbon capture and storage.
More news below:
Mexico Opens US$71.7 Billion Bid to Boost Renewable Power Capacity
Mexico’s Ministry of Energy (SENER) has launched an open call for private investment in renewable energy projects aimed at adding 5,970 megawatts (MW) of new power generation capacity across six priority regions. The initiative seeks to attract approximately US$7.14 billion in investment and raise the share of renewables in Mexico’s energy mix from 22% to 38%.
Canadian Mining Companies Adopt Sustainable Mining Standard
Canadian-owned mining companies operating in Mexico have agreed to adopt the Towards Sustainable Mining (TSM) standard, a global framework aimed at improving ESG practices across the mining industry. Members of the Mining Executive Committee of the Canadian Chamber of Commerce in Mexico (CanCham) formally signed an agreement to implement TSM across all stages of the mining process, from exploration to production and closure. The organization stated that participating companies will be obliged to gradually integrate the standard’s protocols.
Google Backs First US Gas Plant WIth Carbon Capture, Storage
Google has signed a first-of-its-kind corporate agreement to support a natural gas power plant equipped with carbon capture and storage (CCS), marking a step forward in the company’s efforts to advance clean energy technologies. The project, Broadwing Energy, located in Illinois, will capture and permanently store about 90% of its CO2 emissions. Google has agreed to purchase most of the power generated by the plant, helping bring the new baseload power source online and connect it to the regional grid that serves Google’s data centers.
Square Energy JV Enters Mexico with Solar, Wind, Storage Plans
Square Energy—a joint venture between Mexico’s Solventa Energía and Spain’s Circle Energy—is entering the Mexican market to develop large-scale solar, wind, and storage projects. The venture will enable corporate clients to adopt onsite solar or hybrid solar-gas solutions, achieving up to 30% savings on electricity bills while advancing ESG objectives.
Stulz Hosts 6th Mexico City Oktoberfest for Data Center Leaders
Stulz, the German air conditioning solutions provider, hosted the sixth edition of its hallmark Oktoberfest event in Mexico City, bringing together business leaders from the data center, mission-critical infrastructure, IT, and technology sectors. In attendance were representatives from across the data center value chain, who commented on the growing international demand for data centers and the need for Mexico to integrate sustainability solutions to remain competitive.
Turning Water Into the Next Driver of the Green Economy
Water bonds and water reuse are key to solving Mexico’s water management crisis, turning water into a green economy driver, writes Juan Pablo Rivero.
Source: https://mexicobusiness.news/
