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Mexico Real Estate: Mexico’s Wind Energy Sector Booming

13 September, 2012

Wind power in Mexico real estate is quickly becoming one of the fastest growing sectors as the country continues to develop into a major player in the global effort to develop this valuable renewable energy source. Mexico recently announced that it has already reached 1,000 megawatts of installed generating capacity,according to a statement by Leopoldo Rodriguez,president of the Mexican Wind Energy Association (AMDEE).

This number is important because it encompasses a full two percent of the total power generating capacity in the country,and also because it is nearly doubles the mere 519 megawatts of power that was generated in Mexico as recently as December of 2011. 

This rapid increase has resulted from the recent installation of a number of new wind turbines since the close of last year. To put this in perspective,wind power in Mexico real estate now generates enough electricity to supply power to a city of 2 million inhabitants.

“We can say with complete certainty that by 2014 at least 2,500 megawatts will be installed at projects already under construction or in very advanced stages,” shared Rodriguez. “If we consider that wind turbine installation began in 2008 and that now we’re at 1,000 megawatts and much more is coming,this is because the obtainable benefit-cost ratio is sufficiently attractive.”

In addition,wind energy projects in Mexico received a serious boost when the government created a more beneficial regulatory and legal environment in 2006,and began to progress towards the construction phase in 2008. Mexico is also working closely with other leading producers of wind power,such as Denmark,Germany,Spain and the U.S.

More than 1,000 turbines have already been installed throughout the Isthmus of Tehuantepec region in southeastern Mexico,accounting for the majority of the country’s capacity.

“It’s been the ideal site in Mexico because it’s where the country’s most favorable wind conditions are found and it’s one of the world’s best wind resources,” stated Rodriguez.