Solar power in Mexico has the potential to produce vast amounts of energy. 70% of the country has an insolation of greater than 4.5 kWh/m 2 /day. Using 15% efficient photovoltaics, a square 25 km (16 mi) on each. Contact online >>
Solar power in Mexico has the potential to produce vast amounts of energy. 70% of the country has an insolation of greater than 4.5 kWh/m 2 /day. Using 15% efficient photovoltaics, a square 25 km (16 mi) on each...
At the utility scale, Mexico has more than 60 utility-scale solar parks across 15 states, with a combined investment of more than $8 billion. Mexico is also supporting its solar operations with the development of...
85% del territorio nacional es óptimo para proyectos solares
Desde 2017 el sector de generación solar a gran escala ha crecido 38 veces
Desde 2017 la capacidad de generación solar distribuida ha crecido 5 veces
De acuerdo con IRENA, México tiene el potencial de contar con 30 GW de capacidad solar instalada en el 2030, de la cual 60% correspondería a capacidad de gran escala y 40% a capacidad de generación solar distribuida
Mexico has one of the most attractive solar irradiation profiles in the world with daily solar irradiance levels between 4.4kWh/m2 and 6.3kWh/m2. The country enjoys around 2,190 hours of sunshine a year. The hotspots for the solar energy market in the country are Baja California, Coahuila, Chihuahua and Sonora, although pretty much any other area is viable, too. However, some challenges limit the country''s potential to meet the clean energy goals set by 2030.
Carla Medina, President, ASOLMEX, says industry insiders believe Mexico nearly has the double installed capacity of what is necessary to meet the country''s energy demand. Nevertheless, regional transmission capacity must be accounted for to ensure a clean and sufficient power supply.
Boosted Mexico''s huge solar potential, rapid growth in renewable energy deployment could enable the country to achieve its 35% clean energy generation goal by 2024, said Jennifer Granholm, the US Secretary of Energy. Despite Mexico''s changes in energy legislation, it has made important steps toward its energy transition by allowing companies to invest in photovoltaic solar systems and generate their own energy to use within their facilities if these systems do not exceed the 0.5MW threshold.
However, fulfilling goals may be complicated by the actual capacity to develop proper clean energy infrastructure. "Mexico does not have enough clean energy and its renewable energy development has decreased in comparison to previous years. The effective generation of clean energy is forecasted to decline, even after considering the energy generated by the Sonora Plan if it materializes. This will result in a widening gap between the country''s energy generation goals. Mexico will only generate 28% of the 35% clean energy target it set for 2024 if the Sonora Plan is fully deployed. Without the Sonora Plan and other planned projects, this figure could drop down further to 26.6%," Medina said.
Mexico must deploy 2.5GW of solar energy and 1.3GW of wind energy per year between 2023 and 2030 if it is to become a clean energy powerhouse. Medina stressed that the government and private sector must therefore work together because no one can achieve such ambitious goals by themselves.
Medina highlighted that Mexico''s deployment of clean energy infrastructure was mainly driven by the private sector but no company or government can lead the energy transition alone. "The private sector constructed 11.3GW of renewables in contrast to 0.2GW from CFE between 2016 and 2022. According to ASOLMEX, 3.8GW of new energy capacity should be deployed every year, which will require US$50 billion in the next seven years to develop generation, transmission and distribution capacity," Medina added.
Although solar energy has been identified as the key to success for clean energy development, boosted by the technology''s availability and economic viability, Mexico must implement strong strategies for the attraction of large solar projects, enable institutional finance mechanisms for development and avoid delays in permitting.
According to Medina, to establish a strong framework for the growth of Solar PV generation, three fundamental aspects must be addressed. Firstly, reliability, which can be achieved by dividing grid investment projects into smaller segments, using bidding mechanisms to select private players for local reinforcement, easing congestion between regions with excess green energy and high-demand centers and developing proper regulations for energy storage systems. Secondly, political concerns should be addressed by creating collaboration opportunities between private players and CFE. Lastly, Mexico has to ensure certainty in the regulatory environment by guaranteeing the autonomy of energy regulatory agencies and promoting transparency as well as the independence of CENACE.
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Mexico''s already well-developed solar power industry is expected to grow even further over the next decade. Solar resources in Mexico are among the best in the world, with annual daily solar irradiance levels ranging between 4.4 kWh/m2 and 6.3 kWh/m2. With the country''s solar capacity reaching 10GW at the end of 2021, we expect solar energy to continue to present attractive opportunities for project developers and industrial consumers.
At the utility scale, Mexico has more than 60 utility-scale solar parks across 15 states, with a combined investment of more than $8 billion. Mexico is also supporting its solar operations with the development of several solar energy plants that include lithium-ion battery storage facilities. However, the sector still faces some restrictions such as a lack of land for solar operations. Recently, the cancellation of a fourth solar energy auction round also halted plans for developing the industry. Infrastructure challenges, such as Mexico''s weak electricity grid, could further impede the sector.
The GoM announced ambitious renewable energy goals in its 2012 climate law, aiming for the country''s energy mix to be 35% renewable energy by 2025 and 50% by 2050. We expect solar energy to make up roughly 6% to 7% of energy consumption by 2030, and this will support the government''s aim of reducing greenhouse gas emissions.The GoM has proposed a large solar project in Puerto Peñasco, Sonora, one of the world''s best regions for solar power generation. The project is being developed by Mexican utility company CFE and is expected to be the largest PV facility in Latin America. The Puerto Peñasco solar farm sits on 2,000 hectares, with a projected cost of $2 billion.
CFE has already launched several solar projects and hopes to expand its portfolio further in line with Mexico''s renewable energy goals. We expect the country''s total installed solar capacity to grow by roughly 50% by 2025.
We expect solar power in Mexico to continue to present attractive opportunities driven by favorable government policies and better economics for project developers. The solar irradiance levels and the continued focus on corporate sustainability will also continue to support strong demand for solar power in Mexico. Contact us to learn more about accessing low-cost solar power in Mexico. Savings from on-site solar can range between 20% and 40% with no upfront costs. Contact us today.
Our mission is to help clients successfully execute projects in Mexico''s energy sector. We put our client''s interests ahead of our own and always maintain an independent perspective.
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