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Video: Mexico plans to invest $46 billion in wind energy, the EPA is sued over its Clean Power Plan, China will help UK build a nuclear power plant and more.

27 October 2015

Mexico plans to add 20 GW of wind by 2030

Mexico plans to quadruple its wind-power capacity in an effort to transform the country’s energy industry. Within three years, Mexico expects to have 10 gigawatts of turbines in operation across nearly every region, up from 2.5 gigawatts in 2014. All totaled, the country plans to add 20 GW of wind generating capacity by 2030. Cost estimates for the complete buildout are around $46 billion. Mexico has pledged to cut its carbon emissions, in part by installing more renewable generating capacity. It was one of the first developing countries to submit its plan to reduce carbon emissions before the Paris United Nations conference taking place in December, pledging to cut 22% of its greenhouse gas emissions by 2030.

EPA sued over Clean Power Plan

A group of 24 states and Murray Energy, a coal mining company, filed lawsuits to challenge the Environmental Protection Agency's climate change rule for power plants. The litigants accuse the EPA of going beyond the authority Congress gave it by ordering a transformation of states’ electricity generation, moving away from fossil fuels like coal and toward lower-carbon sources. They are asking a federal court of appeals to overturn the rule. They also want the court to stop its implementation while the litigation works its way through the courts. The climate rule, dubbed the Clean Power Plan, is detailed at Engineering360 in the article "EPA's Clean Power Plan: How It Will Affect You."

China to help UK build nuclear power plant

China has agreed to take a one-third stake in a project to build a new nuclear power plant at Hinkley Point in the UK and to take ownership shares in two further plants. A final investment decision for the Hinkley project by EDF Energy is expected by the end of the year. Under a deal agreed to during a state visit by China’s President to the UK, China General Nuclear will invest $9 billion in EDF Energy's project to construct the Hinkley Point C plant. CGN will make its investment through a company called General Nuclear International.

Benchmark to buy Secure Communications for $230 million

Benchmark Electronics has entered into a definitive agreement to buy Secure Communications Systems and its business units for arounds $230 million in cash. The Secure Communications portfolio includes customized high-performance electronics, subsystems and components for industrial, aerospace and defense applications. The transaction will be funded with Benchmark's bank credit facility and is expected to close in the fourth quarter of 2015, subject to approvals.



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