HDF Energy announced investments of more than US$2.5 billion in the construction of seven projects in Mexico

Photo: HDF Energy

The French company HDF Energy announced investments of more than US$2.5 billion in the construction of seven projects for the generation of electricity with green hydrogen and as a molecule for industrial applications, with the aim of entering the country with a new clean technology.

In an interview, Cristina Martín, vice president for Latin America of the company, assured that the capital will be used towards 2030, with the main objective of generating sustainable energy that will be uploaded to the network of the Federal Electricity Commission (CFE), backed by contracts with the consumers of the commercial and industrial sectors of the areas.

The directive explained that the seven projects will be based on the generation of solar and wind energy, to later produce clean energy that will not be intermittent through hydrogen.

The first of them, called Energía Los Cabos (in Baja California Sur), already has 80% progress in its development phase, so it is expected to come into operation in 2024 for which 330 million dollars are being invested, having as base a solar park, which will be followed by Energía Los Cabos II, which will start in 2025, to later begin with the third development, also on the Baja California peninsula.

She explained that another of the points on which they will be focusing the development of three projects and their respective investments is the Yucatan Peninsula, mainly the state of Quintana Roo, with wind energy being its base, this is due to the strong demand for energy that is already is being registered, especially by the tourism sector.

However, another point they hope to develop is the Interoceanic Corridor, focused mainly on the supply of green hydrogen as a molecule for use in different industrial processes such as ammonia production, mobility and even oil refining.

Its potential market in the two peninsulas is the CFE with contracts supported by the end client, in the case of the broker it would be a private client.

Martin recognized that Mexico can invest in a green hydrogen export hub, however, to reach that level, it is necessary to first ensure development and supply for the country.

TYT Newsroom

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