Renewable Energy in Mexico

Mexico has a large potential for renewable energy, with abundant resources in solar, wind, and hydro. The Mexican government has set ambitious goals for renewable energy, with a target of generating 35% of electricity from clean sources by 2024.

The Mexican Renewable Energy Market

The Mexican renewable energy market is growing rapidly. In 2021, the Mexican government awarded 10.3 gigawatts (GW) of renewable energy contracts, up from 2.5 GW in 2020. This growth is being driven by a number of factors, including:

The Mexican government's ambitious goals for renewable energy

The rising cost of fossil fuels

The increasing demand for clean energy from businesses and consumers

Opportunities for U.S. Companies

There are a number of opportunities for U.S. companies in the Mexican renewable energy market. The U.S. Commercial Service Mexico has identified the following sub-sectors as having the most potential for U.S. exporters:

Small-scale wind, solar, and hydro

Energy storage

Solar heating

Other forms of small-scale distributed generation

Electromobility

Small-scale wind, solar, and hydro

The Mexican market for small-scale wind, solar, and hydro is growing rapidly. The Mexican government is providing incentives for the development of small-scale renewable energy projects, and there is a strong demand from businesses and consumers for these technologies.

Energy storage

The Mexican market for energy storage is also growing rapidly. Energy storage is a key technology for enabling the integration of renewable energy into the grid. The Mexican government is providing incentives for the development of energy storage projects, and there is a strong demand from businesses and consumers for these technologies.

Solar heating

The Mexican market for solar heating is also growing rapidly. Solar heating is a cost-effective way to heat water for domestic and commercial use. The Mexican government is providing incentives for the development of solar heating projects, and there is a strong demand from businesses and consumers for these technologies.

Other forms of small-scale distributed generation

There are a number of other forms of small-scale distributed generation that have potential in the Mexican market. These include biomass, geothermal, and micro-hydro. The Mexican government is providing incentives for the development of these technologies, and there is a strong demand from businesses and consumers for these technologies.

Electromobility

The Mexican market for electromobility is also growing rapidly. The Mexican government is providing incentives for the development of electromobility projects, and there is a strong demand from businesses and consumers for these technologies.

How to Access the Mexican Renewable Energy Market

The U.S. Commercial Service Mexico can help U.S. companies access the Mexican renewable energy market. The U.S. Commercial Service Mexico has a team of experts who can help you identify market opportunities, connect with potential buyers and partners, and navigate the Mexican market.

Contact the U.S. Commercial Service Mexico today to learn more about the Mexican renewable energy market and how we can help you succeed.

Resources

Secretariat of Energy (SENER)

Federal Electricity Commission (CFE)

Energy Regulatory Commission (CRE)

National Energy Control Center (CENACE)

National Institute for Electricity and Clean Energy (INEEL)

Fund for Energy Saving (FIDE)

Mexican Association for Wind Energy (AMDEE)

National Association for Solar Energy (ANES)

The Future of Renewable Energy in Mexico

The future of renewable energy in Mexico is bright. The Mexican government is committed to developing renewable energy, and there is a strong demand for renewable energy from businesses and consumers. U.S. companies have a significant opportunity to play a role in the development of the Mexican renewable energy market.

Contact us: Bussines information: Baja Solar

Address Mulege BCS 23900 Mexico

phone +52-615-110-3214