Mexico's Energy Shift: New Opportunities for Green Investment

Mexicos renewable energy sector is undergoing a significant transformation, with new energy reforms and solar energy agreements paving the way for a more diverse energy mix. This shift opens up opportunities for private companies to invest in green energy projects, attracting global interest. After a period of stagnation under former President Andrés Manuel López Obrador, who favored nationalizing the energy sector and supporting fossil fuels, President Claudia Sheinbaum is driving the change. Sheinbaums plan aims to add nearly twenty-three gigawatts of new power generation capacity by 2030, with investments of over twenty-two billion dollars and potential private investment of six to nine billion dollars. The country plans to build thirty-four new power plants, including twenty-three solar and eleven wind projects across twenty states, with operations expected to begin between 2027 and 2030.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.