Business Monitor International

Mexico Renewables Report

Published 06 November 2014

  • 39 pages
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  • Includes 3 free updated quarterly reports
Mexico Renewables Report

BMI View:  Mexico will maintain its position as a key Latin American renewables market over the coming decade, registering the second highest installed renewables capacity in the region by 2023. Our positive outlook for Mexico's renewables industry is based upon a number of strong fundamentals, including energy sector reform, strong investor interest and the increasing cost competitiveness of renewable technology.  

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.

Key trends and developments within the market:

  • It was announced in October 2014 Chinese solar module manufacturer Risen Energy will invest USD600mn in a 300MW sola r power plant in Durango state . Details regarding the timeframe for construction of the plant are unclear. Risen began negotiations with the Mexican government over the project in 2012.

  • 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 230kV transmission line were also upgraded under the expansion programme.

  • In April 2014 Mexican cement company Cemex and Fisterra Energy completed the financing for a 252MW wind power complex, called Ventika, in the General Bravo municipality of the country. The complex, worth about USD650mn, consists of two 126MW wind farms. Spanish utility Acciona's subsidiary Acciona Energia has been appointed to undertake the engineering, construction, operation and maintenance of...

Table of Contents

BMI Industry View
Industry Forecast
Mexico Renewables Forecast Scenario
Table: Mexico Total Electricity Generation Historical Data And Forecasts, 2012-2017
Table: Mexico Total Electricity Generation Long-Term Forecasts, 2018-2023
Table: Mexico Electricity Generating Capacity Historical Data And Forecasts, 2012-2017
Table: Mexico Electricity Generating Capacity Long-Term Forecasts, 2018-2023
Mexico Renewables Projects Database
Table: Mexico Key Projects - Renewables
Industry Risk Reward Ratings
Mexico Risk Reward Ratings
Market Overview
Sustainable Energy Policy and Infrastructure
Competitive Landscape
Comisi-n Federal de Electricidad
Acciona Energia Mexico
Gamesa Corporaci-n Techn-lgica
Vestas Wind Systems
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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-2018 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.


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-2018 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 Rankings

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

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

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'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