Energy security and independence grow with renewables

Mexico’s energy security and affordability are at risk due to its high dependence on imported gas. 74% of domestic gas demand and 54% of the electricity generated in Mexico depend on gas purchased from the United States, making the country, its economy, and its citizens extremely vulnerable to potential geopolitical conflicts and price volatility.

Achieving 45% clean energy by 2030 would reduce the country’s dependence on imported gas from the US for electricity generation by 20%. This growth in clean generation, based on the installation of 46 GW of solar and wind energy, would make it possible to avoid any investment in the construction of new combined-cycle power plants.

Decisive progress toward achieving 45% clean energy, instead of 36%, would avoid gas import costs that are ten times higher, generate an additional 36 TWh of clean energy, and create almost double the number of direct jobs in the construction and operation phases of solar and wind energy projects.

Political will is essential to create the enabling conditions for installing 46 GW of renewable energy by 2030 and thus strengthening Mexico’s energy security. Efficient and streamlined processing of licensing applications for renewable generation projects is one of the necessary conditions for accelerating the energy transition.