SOLAR ENERGY INVESTMENT OPPORTUNITIES IN MEXICO

Mexico possesses substantial solar energy potential, with 85% of its territory considered optimal for solar projects. The country is among the top five globally for solar energy resources, receiving high levels of solar radiation. This makes Mexico well-positioned to significantly expand its solar power generation capacity and contribute to a global energy transition towards renewables. 

• Abundant Solar Resources:

  Mexico's geographical location and climate provide ample solar radiation, making it a prime location for solar energy development. 

• Technical Potential:

  The National Renewable Energy Labs (NREL) estimates Mexico's technical potential for solar photovoltaics (PV) at 24,918 GW. 

• Large-Scale and Distributed Generation:

  Mexico has the potential to develop both large-scale solar farms and distributed solar generation, including rooftop solar, to meet its energy needs. 

• Meeting Renewable Energy Targets:

  Mexico has set ambitious renewable energy targets, including increasing solar capacity, which can be significantly supported by its solar resources. 

• Industrial Sector Potential:

  Solar thermal technologies have the potential to play a significant role in decarbonizing Mexico's industrial sector. 

• Cost-Effectiveness:

  Solar energy is becoming increasingly cost-competitive, with solar PV having a low levelized cost of electricity (LCOE) compared to other sources. 

• Government Support:

  The Mexican government has shown support for renewable energy through policies, incentives, and participation in international commitments. 

• Community Engagement:

  There is a growing focus on community involvement and stakeholder engagement in renewable energy projects, including solar, to ensure local benefits and support for the energy transition.