Wind investment in Mexico to top USD 20bn over 10 years - report
Sep 23, 2014 - Wind power project investments in Mexico are expected to surpass USD 20 billion (EUR 15.6bn) in the next 10 years, local paper El Economista said today, citing US government data.
Mexico’s wind power potential is estimated at about 40,268 MW but only 3.2% is utilised, according to data by the US Energy Information Administration. Regions in the country with the highest deployment of wind power are Oaxaca, Baja California, the Gulf of Mexico and the Yucatan Peninsula.
Mexico is currently is on track to become one of the biggest wind power producers globally. Among the largest players on the market are local firm IEnova (BMV:IENOVA), part of US Sempra Energy, and US power producer InterGen, which recently broke ground on a 155-MW project in Tecate municipality. The scheme is expected to be expanded to up to 1,200 MW.
In 2012, Mexico had installed wind power capacity of 1,290 MW. In terms of investment, the country attracted USD 1.3 billion in clean energy investment in the first half of 2014 and can hit USD 2.4 billion in 2014, as compared to USD 1.6 billion in 2013, Bloomberg New Energy Finance (BNEF) said in August. According to BNEF, Mexico and Central America are to install more than 1,000 MW of wind this year.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.