Grupo México's Energy Outlook: Embracing Renewables and Green Hydrogen
Key Ideas
  • Grupo México hopes for a more renewable energy-friendly administration in Mexico following the upcoming elections.
  • The energy director of Grupo México, Gustavo Ortega Gómez, highlights obstacles faced under the current administration and expresses optimism for a shift towards renewable technologies in the future.
  • The company is looking to expand its renewable energy portfolio, including wind farms and photovoltaic projects, with a focus on green hydrogen as the future fuel source.
  • Grupo México has already implemented thermosolar projects in their mines and is preparing for additional green energy ventures pending administrative approvals.
Ahead of Mexico's general elections, Grupo México, a prominent miner in the country, advocates for a shift towards renewable energy with hopes that the next administration will prioritize green technologies. The energy director, Gustavo Ortega Gómez, discusses the challenges faced by Grupo México's energy projects under the current administration, citing a lack of support for renewables and delays in the permitting process. Looking towards the future, Grupo México eyes expanding its renewable energy ventures, including wind farms and photovoltaic projects, while emphasizing green hydrogen as the prospective energy source. Ortega highlights the potential of thermosolar projects already in operation at some mines and the company's readiness to venture into green hydrogen projects in the future. Despite acknowledging current cost challenges with green hydrogen, Grupo México remains optimistic about technological advancements making it more feasible. The company's existing 164MW wind farm, Fenicias, is poised for operation pending administrative approvals, showcasing a commitment to renewable energy initiatives.
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