Up to 2015, Mexico had an installed effective capacity to generate 16,953 MW of electricity renewable sources, this accounts for 25.3% of total installed capacity.
Mexico has an enormous potential to take advantage of renewable resources, according to the national inventory of renewable energies, it recognizes a proven and probable power generation of 100,278 GWH per year. In addition, the potential additional potential (not counting solar) is greater than 195,278 GWH per year; While the estimated solar potential is considered practically unlimited with respect to the national energy consumption.
There are currently more than 287 power stations in Mexico that are operating or under construction to generate electricity from renewable sources; Oaxaca and Veracruz are the states with the largest number of wind and biomass projects, respectively.
It is estimated that by 2029 the installed capacity to generate electricity from renewable sources will increase by 20,950 MW and that wind and hydraulic sources will have the largest share, with 57.1% and 26%.0, respectively.
Between 2010 and 2015, it was announced about 51 foreign direct investment proyects in the Renewable Energy industry in Mexico, mainly in the states of Oaxaca and Baja California. The main investor countries were Spain, United States and Germany.
More and more transnationals from the renewable energies industry are opting to invest in Mexico due to its appeal and reliability. Both project developers and equipment suppliers are present in the country. In addition, several domestic companies have penetrated the local market with small-scale projects involved in development, manufacturing and selling renewable equipment and/or have decided to diversify their business towards the sustainable energy industry.
There are several production centers in Mexico; some examples by source type and activity are:
Generator manufacturing. Potencia Industrial, a 100% Mexican
company located in Mexico City, produces and exports to the United
States Clipper turbine generators.
The US company Dynamik Kontroll also manufactures generators in Guadalajara, Jalisco.
Blade manufacturing. Vientek, a joint venture between Mitsubishi and TPI Composites, produces blades in Ciudad Juárez to export to the wind market in the United States.
Tower manufacturing. Trinity, Tubac, CS Wind, Speco and Enertech Fabricaciones produce steel towers for the Mexican wind market.
Other wind energy components. Kaydon and Liebherr and Frisa manufacture bearings for wind energy.
In addition to its excellent geographic location and abundant natural resources, Mexico has huge potential for equipment manufacturing due to its low industrial costs and highly skilled workforce.
Experience. Mexico's success in the development of
the automotive and electric-electronic industries, for example,
provides a methodology platform specialized in infrastructure, which
encourages the development of the renewable energies industry in
Mexico and leverages supply chains, common support programs and
Mexico is the only country in Latin America with integral knowledge of geothermal energy, from exploration to production. The French company Alstom established the Geothermic and Renewable Energy Cluster in Michoacán, together with the main players of the public sector, businesses and universities. Some of the project's goals are to contribute to improving the environment and to develop the area economically, socially and technologically.
Talent. According to the National Association of Universities and Higher Education Institutions information, annually 115 thousand students of engineering, manufacturing and construction graduated from Mexican institutions.
Costs. Mexico offers 9.4% savings in manufacturing costs of advanced batteries in the green energy industry, compared to the United States.