Energy remains a key driver for development in any country, but Mexico’s
strong industrial character elevates its position perhaps even further. Mexico
has also joined many other countries in a path to decarbonization, aiming for
an ambitious 35 percent clean energy generation capacity by 2024.
Nevertheless, the outlook for the Mexican energy industry is shifting. After
years of growing private participation, the sector now sees the government
taking back the reins on the Energy Reform and working to reorient the sector
to bolster state-owned CFE.
Despite these policy changes, the market still presents several areas of
opportunity, and new ones are opening up due to advancements in technology
regarding solar, wind and natural gas. In addition, industry stakeholders stress
that Mexico’s outlook for the long term is still bright, regardless of what private
participation might look like.
