Energy loans take a plunge in Mexico

Energy loans take a plunge in Mexico

Loans Energy Electricity Gas Renewable Solar Wind Project & Infrastructure Finance Economy & Policy Politics Regulation Mexico Europe

Loan volumes for energy projects in Mexico could plunge 70% this year as the government postpones renewable power auctions and Pemex's woes boost corporate borrowing costs, LatinFinance has heard. "The government has halted auctions in the renewables market and there is a lot of negative news from the downgrade to Pemex," said a loans banker in Europe. "Compared to last year, energy loan issuance could fall 70%," he added. The government cancelled a clean energy auction in December last year, an

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