The share of Renewable Energy and Nuclear Energy use in Mexico has shown a consistent increase from 2013 to 2023, reaching 3.84 in 2023. Although the year-on-year growth has moderated from double-digit percentage increases in early years to around 1.14% in 2023, the overall trend remains positive.
- In 2023, the actual value stood at 3.84.
- Year-on-year growth rates between 2022 and 2023 were 1.14%.
- Over the past five years, the compound annual growth rate (CAGR) averaged 1.21%.
- Forecasts from 2024 to 2028 suggest a moderate increase, with a 5-year CAGR of 0.82%, resulting in a projected share of 4.04 by 2028.
Future trends to watch for include potential policy changes that might impact the pace of growth, technological advancements in renewable energy production, and shifts in global energy markets that could influence Mexico's energy strategy.