Renewable electricity production in Mexico has experienced fluctuations from 2013 to 2023, with a noticeable climb to 20.64 units in 2023. From 2021 to 2023, the year-on-year growth reflects a downward trend: 13.93% in 2021, -12.14% in 2022, and 2.94% in 2023. Over the past five years, the average annual growth (CAGR) was 6.28%. For the forecasted period up to 2028, a modest average annual growth rate of 1.64% is expected, with an overall growth rate of 8.5% projected for the next five years.
Future trends to watch for:
- Advancements in renewable energy technologies.
- Government policies and investments in green energy.
- Economic factors affecting renewable energy projects.
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