Mexico policy reset could unlock 7.4 GW of solar and wind projects

Mexico relied on oil, gas and coal for nearly 80% of its electricity generation between 2000 and 2024, according to IEEFA. The policy reset under President Claudia Sheinbaum, combined with falling costs for solar, wind and dispatchable battery storage, could lift renewables to a much larger share of demand. The June project selection shows investor appetite is still strong, and the market could gain energy-security, price-stability and grid-reliability benefits if permitting and grid rules support execution.