The new Transition Law Energy Mexico ensures continued growth in renewable energy market, this law was passed by Congress in December 2015, stating that at least 35% of the energy of the nation must be generated from clean and renewable sources by 2024 and 60% by 2050.

Energy Transition Act establishes the energy certificate as the mechanism to fulfill obligations in this area, plus it provides penalties.

Energy Transition Act establishes the energy certificate as the mechanism to fulfill obligations in this area, plus it provides penalties.

This change would give flexibility to users of electricity, especially to companies in breach of the generators of clean energy such as solar photovoltaic, wind, geothermal, biomass and renewable hydropower.

The country currently has more than 230 plants in operation and under construction for the generation of electricity through renewable sources; Oaxaca and Veracruz are the states with the highest number of wind projects and biomass, respectively.

Attracting Foreign Investment

Between 2010 and 2014, Mexico received about 45 foreign direct investment projects in the renewable energy industry. The main investor countries were Spain, United States and Germany. (Source: ProMéxico with information FDI Markets, 2015)

Increasingly transnational companies belonging to the renewable energy sector are preferring to invest in Mexico, considering it an attractive and reliable destination. Both project developers and equipment suppliers have a presence in the country. Also, various national firms have entered the local market in development of small-scale projects, manufacturing and marketing of renewable equipment and / or have decided to diversify their businesses into sustainable energy sector.

Mexico is now on the way to the growth of renewable energy, which provides a safer, healthier and more sustainable future.

Investing in Mexico is the best choice. If you want to know more about investment contact us, our trained advisors will guide you.