Iconic pictures from the Gulf of Mexico and bad publicity for fossil fuel. Nice additional argument to leave fossil fuel before it leaves us.
Good news for the renewable energy transition. Large Lithium deposits found in Sonora province, Mexico. In fact, the largest in the world.
Lithium deposits, world-wide:
|Thacker Pass, Nevada, USA||179|
|Earl Grey, West-Australia||94|
|Whabouchi, Quebec, Canada||37|
|Goulamina, Mali, Africa||31|
|Arcadia, Zimbabwe, Africa||27|
[southfront.org] – All Sights on Mexico as it Discovers World’s Largest Lithium Deposit
[mining-technology.com] – Top ten biggest lithium mines in the world
[bacanoralithium.com] – Mineral Resource Estimate Update for the Sonora Lithium Project, Mexico
[mining-journal.com] – Bacanora preparing to start Sonora lithium build in 2020
[wikipedia.org] – Lithium-ion battery
[metalbulletin.com] – Lithium Price Spotlight
Mexico’s current electricity demand is about 62GW, but is forcasted to grow to 110 GW by 2024. Renewable energy is supposed to make the difference. The good news is that there is a lot of sun in Mexico, up to 10 kwh/m2/day, see irradiation map. New legislation is intended to break down state monopoly in energy matters. Energy prices are high in Mexico and rise on average 8-10% year, leading to solar grid parity in some places, meaning that solar energy is going to be used, not for ‘idealistic reasons’, supported by government incentives, but to save money. Although electricity for private households is heavily subsidized, it hardly is for businesses. This means that renewables are going to be introduced via the latter. Already wind is big in Mexico (global #24). Mexico wants to increase wind electricity generation by 600% by 2022. Solar is next. Planned are 6 GW by 2020.