Mexico will generate 45pc of its electricity from renewable sources by 2030, new President Claudia Sheinbaum has pledged upon taking office in an immediate step-up in energy transition efforts.
The government had previously committed to a 43pc share of clean energy, including nuclear and efficient natural gas-fired cogeneration. But Sheinbaum stated during her inauguration on Tuesday that the new goal will be achieved solely through renewable sources, such as solar, wind and hydropower, which will also meet growing electricity demand.
In 2023, Mexico generated just 24.3pc of its electricity from clean sources, despite these holding 32pc of installed capacity, according to energy ministry (Sener) data. Low output from hydropower plans contributed to this shortfall. Wind and solar accounted for only 5.9pc and 5.1pc, respectively.
Last year, the energy regulator (CRE) approved regulatory changes allowing the government to classify energy produced by natural gas-fired combined-cycle plants as clean. But international standards do not consider gas-fired generation as clean unless the plants use CO2 capture systems.
Sheinbaum also pledged to introduce a new energy transition plan soon, to detail investment opportunities and projects in the electricity sector. She confirmed that state power utility CFE will maintain its prominent role, holding at least 54pc of electricity generation capacity.
The president announced plans for large-scale rooftop solar panel installations for households with high electricity demand in the summer. She also committed to continuing the Sonora Plan, aimed at boosting solar generation, lithium production and electric vehicle part manufacturing in Sonora.
Additionally, Sheinbaum promised to promote domestic lithium extraction technology, build 10 new recycling plants and implement air quality programs in cities like Mexico City, Guadalajara and Monterrey. She reiterated that CFE and state-owned Pemex will remain central to her administration and vowed not to sell their assets, as occurred under previous governments.
