Mexico three energy solutions

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

Which energy sources can be used in Mexico?

From all the clean energy sources in the country, two have enormous potential: Solar or photovoltaic energy for the center and north of Mexico. According to international studies, our country is located in the coordinates most favored by the sun's rays, which translates into an unparalleled natural opportunity to collect solar renewable energy.

How much solar power does Mexico need in 2024?

To meet the 35% clean energy target in 2024, Mexico needs at least 128.83 TWh or 42.56 TWh of additional clean energy generation. National solar PV capacity potential is estimated at 24,918 GW.1 This potential capacity could generate 50,196 TWh/yr or 137 times the 365 TWh estimated demand for Mexico in 2024.

How much energy will Mexico need by 2030?

Mexico will require around $350 billion in energy capital expenditures by 2030. prioritized over cost efficiency. The key tools in this scenario are government rent and supply security. The second alternative scenario focuses on an accelerated case, showing how incremental progress in technology could enable the faster adoption of clean energy.

Can Mexico achieve its energy potential?

Mexico has a large and diversified base of resources that could offer one of the lowest energy costs in the world. The energy transition could help the country achieve its potential. Global energy systems trends have an impact on every country’s domestic energy prospects—and Mexico is no exception.

How much energy does Mexico have?

In 2017, Mexico had a total installed capacity of 75.68 GW, 70.5% of which corresponded to conventional energy and only 29.5% to clean energy .