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Mexico Wind Energy Outlook

  • May 2015
  • -
  • GlobalData
  • -
  • 12 pages

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Mexico Wind Energy Outlook

Summary

Government initiatives to promote renewable sources of energy have supported the growth of the sector in Mexico, which aims to generate 35% of its domestic electricity from renewable sources by 2024. In December 2013, the energy sector underwent constitutional reforms aimed at increasing private sector investment but retaining control over the transmission and distribution channels. Mexico has good wind power potential, for which the main driver is the income tax law, although the Large-scale Renewable Energy Development Project, implemented by the Global Environment Facility (GEF), is also significant.

Several players such as Gamesa, Acciona and Iberdrola have expressed interest in investing in Mexico’s wind sector. The 2014-2015 period saw a total deal value of $5.6 billion, comprising largely asset transactions. The country has good wind power potential, especially in the state of Oaxaca. In 2013, Mexico had a cumulative wind installed capacity of 1.9 Gigawatts (GW), which increased to 2.4 GW in 2014. It currently has about 70 wind energy projects in its pipeline, which will oversee further increase in installed capacity.

Scope

- The report includes wind power capacity, generation, regulatory framework, upcoming projects and major deals.

Reasons to buy

- The report gives an overview of the country's wind energy sector.
- Helps in understanding the growth trajectory of wind power in the country
- Gain insights into the country's wind power policies and regulations
- Identify investment opportunities through upcoming wind energy projects
- Identify major deals and investments made in the wind energy sector during 2014-2015

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