The paradigm shift in Mexico’s energy sector that began ramping up after the administration of President Andrés Manuel López Obrador entered power went into full swing in 2021. The government’s goal is to return state-owned PEMEX and CFE to the forefront of the industry, playing a fundamental role in the country’s energy production and dispatch. To achieve this, the government began taking decisive steps. For Mexico’s private power sector, this policy redirection proved disappointing and unfortunate. Many of the previously successful strategies regarding financing, permitting and project development had to be either adapted or
shelved altogether and initiatives to protect investments were put in motion.
