Mexico is set to significantly expand its renewable energy capacity, aiming to add 40 GW by 2030. This growth will primarily come from large-scale solar and wind projects funded by private investment. The country is on track to achieve 40% of its electricity from clean sources by 2024 and aims for 50% by 2030. For more insights on Mexico’s renewable energy landscape, check out this report: Renewable Energy Mexico: 5 Extraordinary Insights for 2025.
Mexico Solar Energy: Renewable Energy Growth
Currently, Mexico’s installed renewable energy capacity is around 36.9 GW, with 22.8 GW coming from hydro, wind, and solar. The country’s goal of 40% clean electricity by 2024 presents a significant challenge, but remains achievable. A recent report from the Global Energy Monitor (Mexico could add 40 GW of new renewable energy capacity by 2030) outlines Mexico’s renewable energy potential, estimating the addition of 40 GW of new clean energy capacity by 2030, with 32 GW from solar and 8 GW from wind. This aligns with the information presented in Mexico solar energy: Stunning 2030 Power Surge – PVknowhow.com.
Investment and Infrastructure Challenges for Mexico Solar Energy
The Global Energy Monitor report highlights the willingness of private investors to fund large-scale renewable energy projects. However, Mexico’s state-owned electricity company, CFE, which controls the national grid, requires substantial infrastructure upgrades to accommodate the influx of renewable energy. The report emphasizes that “Transmission infrastructure improvements are essential” for successful integration of new projects into the grid.
Mexico Solar Energy: Potential in Renewable Energy
The Global Energy Monitor report (Mexico Renewable Energy Report 2024) identifies 53 solar projects under development, totaling 32 GW. Nuevo León leads with 8.1 GW of planned capacity, followed by Sonora (4.5 GW) and Chihuahua (3.1 GW). These projects are poised to significantly boost Mexico’s solar energy production. Further details on the solar market can be found in the Mexico Solar Panel Manufacturing Report – PVKnowhow. Wind energy also holds considerable promise, with 17 projects totaling 8 GW in the pipeline. Despite past challenges, these projects aim to revitalize Mexico’s wind energy sector.
The Role of Hydropower and Other Renewables in Mexico Solar Energy
Hydropower remains a cornerstone of Mexico’s renewable energy mix, with new projects like the 1.5 GW Boca del Cerro plant in Tabasco currently under development. However, the report underscores the importance of diversifying and expanding other renewable sources to meet future energy demands. This planned expansion of renewable energy is vital for Mexico’s energy future, playing a crucial role in reducing carbon emissions and fostering sustainable development as the country strives to achieve its clean energy targets. The recent cancellation of the “Solar for All” program, highlighted in this article (Solar for All canceled: Shocking $7 Billion Program Cut – PVKnowhow), underscores the complex landscape of renewable energy development and the need for continued investment and policy support.
