Mexico's economic uncertainty diminishes attractiveness for renewables

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In EY's ranking of the most attractive countries for investments in renewable energy, Mexico fell 5 places. The country was in 19th place, but is currently in 24th place, while in other parts of the world, countries such as Vietnam and Portugal have changed regulations in order to accelerate the arrival of capital. Land. Mexico's economic uncertainty diminishes attractiveness for renewables Some of the problems that have caused this decline in the ranking are: Regulatory modifications. The cancellation of government auctions. Lack of definitions on public policies regarding the future of clean energies. The energy transition. Evidently, the presence of these problems in the country causes serious consequences such as slowing down the sustained growth that had been achieved in the national territory. Gavin Rennie, North America leader in Energy Facilities at EY, said: It is estimated that in the next 20 years, between 8,000 and 13,000 million dollars will be invested in wind installations around the world alone to compete for this capital. Mexico must continue developing public policies that allow it to continue competing. In Mexico, Mexico Wind Power will be held on March 4 and 5.


The event will take place at the Citibanamex Center located in Mexico City. Leopoldo Rodríguez, president of the Mexican Wind Energy Association (AMDEE), mentioned that Mexico will reach an 8% participation in national electricity generation through wind sources; This participation is thanks to the fact that more America Cell Phone Number List than 750 megawatts were installed during the year, so our country will have an installed capacity of more than 7,000 megawatts by the end of the current year. Leopoldo said that there will be an increase of 12% in relation to the installed wind capacity; Last year this capacity closed with 6,237 megawatts, which symbolizes the increase of 1,279 megawatts, so it was concluded that with respect to the previous year there was a growth of 35%. Mexico has 21% of the wind power installed in the region, these figures give it third place as the largest producer of wind energy, only behind Argentina and Brazil.




In addition, he also commented that the resources obtained will be used for the development of 11 projects, 6 of those correspond to auctions, and the rest have to do with legacy contracts to satisfy the demand in the market. Projects Throughout the Republic there are 14 states that are participating in generating projects, the states that stand out are: Oaxaca New Lion Coahuila Tamaulipas Yucatan Jalisco San Luis Potosi Zacatecas The construction of 11 new wind farms was planned, which will be located mainly in the states of Coahuila, Tamaulipas, Yucatán and Oaxaca. The construction of these parks will require an investment of up to 1.3 billion dollars. Wind turbines. Mexico's economic uncertainty diminishes attractiveness for renewables The AMDEE president said: If they change the rules in the middle of the game, many projects that require years of planning and very high financing are no longer possible, and then not only a project but an entire industry is put at risk. Leopoldo Rodríguez pointed out that the first process of the projects is close to 75% in terms of progress, while the second is already over 80%, and finally, 75% of the third phase are already ready.