Energy Ministry sees 96% of private-sector energy investment going toward renewables

Mexico’s Energy Ministry (Sener) forecasts that astir each private-sector vigor capableness concern successful the 2025-2030 play volition beryllium allocated to renewable vigor projects.

“Ninety-six percent of the capableness additions from projects to beryllium developed by backstage individuals successful the 2025-2030 play volition beryllium from intermittent renewable vigor sources specified arsenic star and wind,” the ministry’s recently released Energy Sector Program 2025-2030 (Prosener) says.

Luz Elena González, shown present with President Sheinbaum earlier successful October, heads Mexico’s Energy Ministry, which conscionable released its five-year vigor program that volition usher vigor argumentation done 2030. (Galo Cañas/Cuartoscuro)

The programme suggests that having specified a immense bulk of caller privately driven powerfulness procreation dedicated to cleanable technologies, specified arsenic star and wind, aligns with Sener’s extremity of modernizing the country’s vigor mix.

Prosener besides seeks to fortify the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex) by securing 56% of the energy marketplace and maintaining exclusive power implicit organisation and transmission. Pemex is acceptable to pb lipid accumulation successful collaboration with the backstage sector, facing the situation of sustaining hydrocarbon accumulation to alteration dependence connected overseas sources of earthy gas, petroleum products and petrochemicals.

As for the CFE, the committee volition play a cardinal relation successful generating renewable energy to conscionable the extremity of 38% cleanable vigor successful nationalist energy accumulation by 2030, arsenic established successful the simultaneous 2025-2030 National Development Plan (PND).

In presumption of vigor transition, the extremity is to summation the stock of renewable vigor sources to betwixt 35% to 45% of the full vigor mix. 

“Energy justness is 1 of Prosener’s precedence objectives,” the programme says. “The extremity is to summation the percent of the colonisation with entree to energy from 99.64% (in 2024) to a fig adjacent to cosmopolitan sum (99.99%) successful 2030.”

President Claudia Sheinbaum’s medication has established that the Mexican authorities volition beryllium liable for maintaining 54% of energy production, portion backstage companies volition lend up to 46%. This follows a sweeping vigor betterment that partially reinstates the 2014 liberalization measures implemented by erstwhile President Enrique Peña Nieto.

The caller inaugural for the backstage sector, done isolated self-supply models, semipermanent contracts, Mexican producers and energy marketplace generators, aims to adhd 6,400 to 9,550 megawatts of installed capableness with a backstage concern of US $6 cardinal to US $9 cardinal by 2030.

With reports from Bloomberg