Mexico from oil to new energies

Marcelo Ebrard, Mexico’s Minister of Foreign Affairs, has invited “all countries” to invest in its major energy transition projects.” He made this statement while presenting to the diplomatic corps a future giant photovoltaic park under construction in the north of the country.

Virtually the entire diplomatic corps had been invited to the Puerto Peñasco site, in a desert landscape on the Gulf of California, to see the deployment of thousands of Chinese-made solar panels.

“We want to invite all the countries of the world, all the companies of the world” to “participate, to invest, to be part of the future of Mexico” announcement proudly, Marcelo Ebrard in front of, among others, the representatives of the United States, the European Union, France, Italy and Switzerland.

It is a huge first part of the solar power plant that must be inaugurated in April by president Andres Manuel Lopez Obrador, according to the Mexican authorities.

“In its final stage, the park will have a capacity of 1,000 megawatts,” according to the Federal Electricity Commission (CFE, public).

Once the plant is operational, it will be able to supply 1.6 million users, and the CFE estimates the investment at a total of USD 1.6 billion.

Mexico’s Foreign Minister and US Special Envoy for Climate Change John Kerry made joint announcements at the last COP27 in Egypt. Mexico shares with the United States the goal of decarbonizing its economy by 2035.

The Mexican government has presented a “preliminary investment plan” for renewable energies to the tune of “USD 48 billion in investments”.

On the other hand, the United States, Mexico’s main partner, is publicly opposing Mexico’s new energy policy, which plans to increase the share of public companies in electricity production.

The reform threatens billions in private foreign investment, according to the United States, which has called for measures under the North American Free Trade Agreement.

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Louis Torronde

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Mexico from oil to new energies

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Marcelo Ebrard, Mexico's Minister of Foreign Affairs, has invited "all countries" to invest in its major energy transition projects." He made this statement while presenting to the diplomatic corps a future giant photovoltaic park under construction in the north of the country. Virtually the entire diplomatic corps had been invited to the Puerto Peñasco site, in a desert landscape on the Gulf of California, to see the deployment of thousands of Chinese-made solar panels. "We want to invite all the countries of the world, all the companies of the world" to "participate, to invest, to be part of the future of Mexico" announcement proudly, Marcelo Ebrard in front of, among others, the representatives of the United States, the European Union, France, Italy and Switzerland. It is a huge first part of the solar power plant that must be inaugurated in April by president Andres Manuel Lopez Obrador, according to the Mexican authorities. "In its final stage, the park will have a capacity of 1,000 megawatts," according to the Federal Electricity Commission (CFE, public). Once the plant is operational, it will be able to supply 1.6 million users, and the CFE estimates the investment at a total of USD 1.6 billion. Mexico's Foreign Minister and US Special Envoy for Climate Change John Kerry made joint announcements at the last COP27 in Egypt. Mexico shares with the United States the goal of decarbonizing its economy by 2035. The Mexican government has presented a "preliminary investment plan" for renewable energies to the tune of "USD 48 billion in investments". On the other hand, the United States, Mexico's main partner, is publicly opposing Mexico's new energy policy, which plans to increase the share of public companies in electricity production. The reform threatens billions in private foreign investment, according to the United States, which has called for measures under the North American Free Trade Agreement.