How much energy will Mexico have by 2030?

In his address to the Senate, Islas also said a total of 21.8 GW of new generation capacity will be connected to the grid in Mexico by 2030, with clean energy sources accounting for around 80%.

How can Mexico accelerate investment in energy storage?

Mexico must set a legal definition of energy storage and clear market regulations. As a late mover, Mexico can select projects with less technological uncertainty. Procurement targets accelerate the formation of a storage market in the short term. Financial incentives are necessary to accelerate investment in energy storage.

What are Mexico's energy transition goals?

1. Introduction Following the Energy Reform of 2013 and the Energy Transition Law of 2015, Mexico set a national strategy for the decarbonisation of the electricity sector and established three clean energy transition goals: 35% of the total electricity production must come from clean energy by 2024; 37.7% by 2030; and 50% by 2050 . 1

Does Mexico have a 30% energy storage mandate?

A month after India introduced an energy storage mandate for renewable energy plants and China scrapped its own, Mexico has stepped forward with an ambitious 30% capacity requirement, alongside plans to add a further 574 MW of batteries by 2028.

Where can I find information about the energy sector in Mexico?

For more sector information, the Energy Information System (SIE) * offers a database maintained by Mexico’s energy agencies and the Ministry of Energy, responsible for national energy policy. This portal provides validated official statistics (registration required for access).*

How will Mexico's energy reforms affect the private sector?

Islas said that the energy reforms, which went into effect earlier in March, provide a series of mechanisms for the private sector to participate in the electricity market. The first option is for a private company to sell all the electricity produced by a renewable energy plant to Mexico’s state-owned utility CFE.