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Mexico Emerges As Global Leader in New Energy Market

18 September, 2013

As world leaders struggle with the ever-pressing and increasing issue of how to supply the world with power,Mexico is fast emerging at the forefront of the battle to provide clean,sustainable energy to fuel the global economy and propel the entire human race into the next era.

Solar

This summer,Ford announced it has invested in a 20MW solar power plant in Mexico’s northern state of Sonora. The project will be complete by 2014 and will reportedly produce up to 80 MW of power by the time its second phase is completed over the coming years. Not only will this provide power for the surrounding region and national grid,but it will also reportedly prevent more than 500,000 tonnes of CO2 from being pumped into the atmosphere in 2014 alone. Upon completion,it will be the largest plant of its kind in Mexico.

“Mexico has excellent solar resources,” writes Zachary Shahan for Clean Technica,a blog dedicated to supporting sustainable energy initiatives,such as what is happening right now in Mexico. “Last year Mexico passed a 35 percent clean climate law and its clean energy investments surged in 2012.”

Wind

Mexico is also capable of producing impressive amounts of wind energy throughout the country,including the popular Yucatan Peninsula region,which is home to Cancun,Playa del Carmen,Tulum and the Riviera Maya. In fact,developer Vive Energia has announced that it will build a 70MW wind farm in the Yucatan region,including 36 turbines,with construction scheduled for completion by the end of 2014. This is only the beginning,according to Yucatan Economic Development Secretary David Alpizar Carrillo,who said the local and federal government will support and work to attract further investment in renewable energy projects. 

Smart Grid Technology

Mexico real estate is also poised to be the next big global smart grid opportunity,due to a sharp increase among investors in recent years,even in the private sector.

“Mexico’s smart grid technology will grow from $1.23 billion in 2012 to $7.42 billion in 2020,” writes respected smart grid research firm Zpryme. “This translates to a projected compound annual growth rate (CAGR) of 25 percent. This represents an attractive regional opportunity in a large market that is poised for aggressive investment to modernize their power grid.”

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