Up to 2014, Mexico had an installed effective capacity to generate
65,452 MW of electricity, of which 16,047 MW came from renewable sources
(wind, solar, hydraulic, geothermal and biomass). This accounts for
24.5% of total installed capacity.
There are currently more than 230 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 2028 the installed capacity to generate electricity from renewable sources will increase by 19,761 MW and that wind and hydraulic sources will have the largest share, with 59% and 21%, respectively.
Between 2010 and 2014, Mexico received about 45 foreign direct investment proyects in the renewable energies industry, mainly in the states of Oaxaca and Baja California. The main investor countries were Spain, the 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:
The US company Dynamik Kontroll also manufactures generators in Guadalajara, Jalisco.
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.
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.