On Thursday, September 22nd, ACORE presented the US-Canada Renewable Energy Forum, with the support of the Canadian Consulate in New York, Brookfield Asset Management and Phillips Lytle, LLP. Held during Climate Week NYC, the forum discussed recent policy developments and worked to identify opportunities for collaboration and cross-border projects to increase the development of renewable energy in the United States and Canada. The forum was attended by over 70 people representing a diverse mix of financiers, developers, policy experts, government representatives and NGOs.
In Tuesday's session on Renewable Energy in Mexico , Miguel Vazquez from the U.S. Commercial Service in Mexico City presented a detailed look at the challenges and opportunities for U.S. businesses wanting to market renewable solutions in Mexico . With its own presidential election looming, Vazquez says that Mexico 's renewable energy policies would likely get a boost, but warned its regulatory framework would continue to be a challenge as American businesses expand across the border.
He said things will likely be compounded by the fact that Mexico 's largest utility, CFE, has a mandate to buy the cheapest energy available. That's a policy decision that helps zero out solar all the way into the year 2026. U.S. companies are also limited in terms of how they can work with CFE, said Vazquez. Today, only power generation projects are considered, not distribution or transmission.