• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 11 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 hour California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 20 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 20 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days An Indian Opinion on What is Going on in China
  • 2 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 1 day Nord Stream - US/German consultations
  • 2 days Can Technology Keep Coal Plants Alive and Well?
  • 3 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 5 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 2 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 2 days Storage of gas cylinders
Russia Could Boost Oil Production To 11.4 Million Bpd

Russia Could Boost Oil Production To 11.4 Million Bpd

Russia is currently pumping 9.9…

Mexico has the Fastest Growing Wind Power Sector

Mexico produces a large volume of greenhouse gases, and suffers from severe air pollution in its large cities, some of which, such as Mexico City,  have the worst air particle pollution in North America.

In an effort to reduce the countries carbon emissions Mexico is looking to invest more to develop its renewable energy sector. At the beginning of 2012 President Calderón signed the Mexican Global Climate Change Program. The progam pledged $70 million over five years as part of an agreement to cooperate with the US on stimulating the green economy.

Brian Gardner, an energy analyst for the Economist Intelligence Unit, was encouraging about Mexico’s renewable energy chances, saying that “with strong wind through the south, consistent sunlight in the north and a stable market, Mexico is well positioned for continued renewables growth.”

Wind Power in the state of Oaxaca offers great renewable energy potential. Back in 2005 Mexico boasted a wind power capacity of just three megawatts, but that number is predicted to reach 2,000 megawatts by the end of 2012, and then again the sector is predicted to triple by 2020. The increase from three megawatts in 2005 to 6,000 megwatts in 2020 will make Mexico the fastest growing wind power nation in the world.

One of the wind projects which will contribute to this rapid growth is a $600 million project that is soon to be finished and will consist of 204 turbines, with a capacity of 306 megawatts; it is expected to power 700,000 homes.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News