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Mexico accelerates renewable power targets under energy reform

The plan targets adding more than 32 GW of generation by 2030, with at least 70% coming from renewables, alongside a February roadmap that includes $43.6 billion in investment.

Reported · Written up by our desk · Energy Transition

Mexico is stepping up its clean energy transition under an energy reform launched by President Claudia Sheinbaum, which opens the country’s energy sector to greater private investment and prioritizes renewable power growth, OilPrice reports.

Sheinbaum’s February strategic energy transition roadmap sets a target for oil production of 1.8 million bpd and a $43.6 billion investment package, alongside an aim to add more than 32 GW of new electrical generation capacity by 2030, with at least 70% from renewable sources.

The roadmap also includes renewable-specific targets, including expanding photovoltaic generation by 140%, geothermal by 90%, and wind energy by 70%, while boosting hydroelectric power through maintenance of existing capacity, the outlet says.

OilPrice adds that approvals of several solar and wind projects underscore the government’s push for accelerated clean energy deployment, with Sheinbaum framing the effort as shifting toward greater renewable participation in electricity consumption through 2030.

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