What is Mexico's energy transition?

Mexico’s energy transition is a complex political and economic process. While the country possesses great potential for renewable energy development, significant political and institutional obstacles remain.

Why is Mexico lagging behind in energy transition?

Yet given its economic strength and vast resources in solar and wind energy, the country is lagging behind in its efforts to transition away from fossil fuels. Mexico is clinging to its traditionally close ties with the fossil fuel industry instead of paving the way to become a global leader in renewable energy generation.

Why is Invenergy based in Mexico?

Invenergy’s presence in Mexico has accelerated the energy transition and will support the needs of the market for decades to come. Invenergy's presence in Mexico for the past 10 years has been critical to our mission of delivering cleaner, more reliable, affordable energy globally.

Is Mexico ready for a green energy transition?

But such a policy push is pending. Under the current administration, Mexico has moved even further away from undergoing an energy transition than before its current President López Obrador took office in 2018. López Obrador has argued that Mexico is not yet ready for a green energy transition.

Will Mexico's new energy demand be met by renewables?

She’s promised to put a stop to gas flaring by state oil company Petroleos Mexicanos and pledged that all new energy demand in Mexico will be met by renewables after current projects — including the $13.6 billion she’s earmarked for new gas, solar and wind plants — are complete.

What is Mexico's energy goal?

According to Mexico’s Energy Transition Law (Ley de Transición Energética) and General Climate Change Law (Ley General de Cambio Climático), Mexico’s goal is 35 percent of electricity from clean energy sources by 2024, which includes power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration.