Business Monitor International


Mexico Renewables Report

Published 03 February 2014

  • 38 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Mexico Renewables Report

BMI View: We have been following President Enrique Peña Nieto's reform drive closely over the last six months and we maintain the view that breaking state-owned Comisión Federal de Electricidad (CFE)'s monopolistic position in the power sector and opening up the industry to private players will help secure investment in electricity generation capacity for the renewables and power markets. As such, our outlook for the Mexican renewables industry is fairly optimistic; supported by the attractive policy framework for renewables and strong project pipeline. In fact, we have upwardly revised our solar capacity and generation forecasts this quarter, owing to the swelling project pipeline.

Mexico's adoption of the 'General Law on Climate Change' in June 2012 set a target of boosting the renewable industry so that 35% of energy generated comes from alternative sources (including hydropower) by 2024 - an ambitious goal considering the prevalence of thermal energy in its power mix. However, progress has been made, and overall, we expect Mexico's non-hydro renewables industry to continue to expand robustly. Furthermore, we believe Mexico will maintain its position as a key renewable energy player in the Latin American region.

Recent developments within the renewables industry:

  • In January 2014, Enel signed a memorandum of understanding (MoU) with the Mexican Institute of Electrical Investigation that will see the pair cooperate in the areas of geothermal generation and smart grids.

  • In January 2014, Iberdrola Renewables expanded La Ventosa wind farm's generating capacity by 22MW in Mexico, raising the capacity to 102MW. The wind farm's grid connection and the 230 kV transmission line were also upgraded under the expansion programme.

  • Alstom secured a US$41.05mn contract in December 2013 to construct a 25MW geothermal plant in the Mexican state of Puebla. The Los Humeros III - Phase A power plant contract was awarded by Mexican state-owned energy company CFE....

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Mexico Renewables Forecast Scenario
9
Table: Mexico Total Electricity Generation Historical Data And Forecasts, 2012-2017
9
Table: Mexico Total Electricity Generation Long-Term Forecasts, 2018-2023
10
Table: Mexico Electricity Generating Capacity Historical Data And Forecasts, 2012-2017
13
Table: Mexico Electricity Generating Capacity Long-Term Forecasts, 2018-2023
14
Mexico Renewables Projects Database
21
Table: Mexico Key Projects - Renewables
21
Industry Risk Reward Ratings
24
Mexico Risk Reward Ratings
24
Rewards
24
Risks
25
Market Overview
26
Sustainable Energy Policy and Infrastructure
26
Targets
26
Subsidies
27
Infrastructure
27
Competitive Landscape
29
Comisi-n Federal de Electricidad
29
Acciona Energia Mexico
29
Iberdrola
29
Gamesa Corporaci-n Techn-lgica
30
Vestas Wind Systems
30
Glossary
31
Table: Glossary Of Terms
31
Methodology
32
Industry Forecast Methodology
32
Sources
34
Risk/Reward Ratings Methodology
34
Table: Renewables Risk/Reward Rating Indicators
36
Table: Weighting Indicators
38

The Mexico Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Mexico. The report also contains historical data together with forecasts to end-2017 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Mexico, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Mexico, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Mexico Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Mexico renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Mexico to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Mexico renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Mexico, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2017 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc