From Yahoo Finance: 2025-05-20 10:13:00

Mexico aims to achieve 45% clean electricity by 2030, potentially saving $1.6bn in gas imports yearly. The transition could lead to a 20% decrease in gas-fired electricity generation despite a 15% rise in demand. To meet the goal, 36GW of solar and 10GW of wind capacity are needed.

President Claudia Sheinbaum’s announcement marks a significant shift towards clean energy. Last year, only 22% of Mexico’s electricity came from renewables, below global and Latin American averages. The move is expected to create over 434,000 jobs, with a focus on construction and operation roles.

Ember’s analysis shows that a 45% clean energy target could deliver significant fuel cost savings and job creation compared to a 36% scenario. Success stories from Brazil and Uruguay highlight the potential for Mexico to strengthen energy independence and enjoy socio-economic benefits through solar and wind energy expansion.

Read more: Mexico’s 2030 clean electricity goal to cut $1.6bn in annual gas imports