Monday, November 12, 2012

Leading U.S. Oil Supplier Mexico to Embrace Renewable Energy?

When two of the leading oil exporters to the U.S. begin considering embracing renewable power, it is a development that all but the most ardent fossil fuel advocates should notice.
Last month Saudi Arabian Prince Turki Al Faisal Al Saud, told an audience at the Global Economic Symposium in Brazil that he hoped that Saudi Arabia’s domestic energy needs might be met entirely by low-carbon energy renewable sources within his “lifetime,” adding that Saudi Arabia wants to use its vast reserves of hydrocarbons to produce other goods rather than use them solely for power generation, stating, "Oil is more precious for us underground than as a fuel source. If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world. I wish that may be in my lifetime” before adding, “but I don't think it will be."
Now Mexico seems poised to follow suit.
At the October Border Energy Forum XIX held in Hermosillo in Mexico’s Sonora state, Mexican President Felipe Calderón, who leaves office at the end of his six-year term on 1 December, told his audience of his ambition for Mexico to be using 30 percent energy from renewable sources by 2020 and 50 percent by 2050, up from its current level of 7 percent. Sonora Governor Guillermo Padrés opened the conference. Padrés announced that Sonora would soon host the Centro Mexicano de Innovación en Energía Solar solar research and production facility, to be staffed by 16 Mexican universities, plus the University of Arizona. In addition, 11 Mexican technological institutes, 15 research facilities and 19 private companies will participate, including the multinational Spanish corporation Abengoa S.A. Sonora state has also invested about $25 million to land the solar facility.

Read more: http://oilprice.com/Alternative-Energy/Renewable-Energy/Leading-U.S.-Oil-Supplier-Mexico-to-Embrace-Renewable-Energy.html

No comments: