Mexico’s Federal Electricity Commission is due to approve up to 60 renewable energy projects, most of them solar, to add 8.2 GW of new generation capacity to the total. The total investment in these projects could be up to $12.5 billion.

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World Utilities Congress 2027

These will help Mexico to achieve the target of 32 GW of new capacity by 2030, set by President Scheinbaum. Of that 32 GW, over 70 per cent were to come from renewable sources. Scheinbaum said: “Mexico not only has oil, it has sun and wind, clean energies that allow for fewer environmental impacts. We are working on the energy transition. That is the most important objective between now and 2030.”