The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has released an in-depth report on the potential for clean energy development in Mexico. Mexico is replete with solar and wind resources and has remaining untapped potential in geothermal and hydropower.
NREL’s Mexico Clean Energy Report concludes that, in light of this potential and the low cost of renewable energy generation, Mexico is ideally poised to become a clean energy powerhouse. According to the report, rapid growth in renewable energy deployment could enable Mexico to achieve its 35% clean energy generation goal by 2024, generate high levels of investment, increase energy access, reduce costs to consumers, and—together with other technical measures—improve the reliability and resilience of Mexico’s power system.
Read the report here