The Mexican government said its electricity expansion plan aims to add 32 GW of capacity by 2030, with 70% coming from renewable energy, and a projected investment of $42 billion.
Mexico’s President Claudia Sheinbaum Pardo presented last week the country’s Renewable Energy Growth Plan, which aims to increase the share of clean energy in the electricity mix, reduce fossil fuel consumption, and cut dependence on natural gas imports.
The plan envisages 32 GW of new power generation capacity over the next six years, 70% of which will come from renewable sources. “For the first time in history, we have projects totaling 32 GW planned over six years—or five years now—and 70% of them are from renewable sources,” she said during her morning press conference, adding that natural gas consumption is expected to fall while renewable generation rises toward 2030 targets.
Energy Secretary Luz Elena González Escobar said the expansion will require an investment of MXN 739 billion ($42 billion). Of the total, 42.6% will be developed under mixed schemes, 36.6% through state resources, and 20.8% via private investment.
The government aims to maintain a 61% state share of total electricity generation by the end of the current six-year term, while targeting 38% renewable electricity by 2030.
