Mexico to add 27GW of new generation capacity by 2030, mainly from renewables

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Mexico's president Claudia Sheinbaum at a conference for her 100 days in presidency
Mexico’s president Claudia Sheinbaum, pictured above, said the new capacity additions until 2030 will include “a large percentage of renewable energy.” Image: Government of Mexico.

Mexico aims to add 27GW of new electricity generation between 2025 and 2030 with “a large percentage of renewable energy”.

This was announced by the recently elected Mexican president, Claudia Sheinbaum, who gave a speech overviewing her 100 days in power and covered several topics, including energy.

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Sheinbaum highlighted that of the 27GW the country aims to add in the coming five years, 54% will be from the state-owned utility Federal Electricity Commission (CFE, in Spanish). The remaining 46% would come from private investment.

Regarding the involvement of the private industry towards that goal of adding 27GW of new generation capacity, Sheinbaum said: “We will put order and transparency to private investments,” without further explaining what the Mexican government will do or implement in that aspect.

This split between state-owned and private investment to build the capacity was already shared by the Mexican president back in November when Sheinbaum presented the country’s national strategy for the electric industry. During her six-year presidency, the CFE would add 13.24GW of new capacity.

On top of adding 27GW of new capacity in the coming years, Mexico will work on 145 electricity transmission projects, however Sheinbaum did not disclose how much capacity this would add to the grid.

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