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Mexico will double its renewable energy capacity by adding 30 GW by 2030

16 Nov 2022

Mexico has pledged to double its renewable energy capacity by deploying 30 GW of additional solar, geothermal, wind and hydroelectric capacity by 2030. The country also plans to reach 40 GW of solar and wind by 2030 (16.8 GW in 2021). Mexico intends to invest US$48bn to develop and build this new renewable energy capacity. In addition, Mexico plans to sell 50% of zero-emissions vehicles by 2030.

At the end of 2021, renewables represented 31% of Mexico’s installed capacity with 30.7 GW. Hydro reached 13 GW, wind 9.3 GW, solar 7.5 GW and geothermal nearly 1 GW.

Earlier in November 2022, Mexico announced its intention to raise its unconditional target to cut its greenhouse gas (GHG) emissions by 30% in 2020 below a business-as-usual (BAU) scenario. With external support, the country could reduce its GHG emissions by 40% in 2030. In its updated Nationally Determined Contribution (NDC), Mexico pledged in 2020 to unconditionally reduce its GHG emissions by 22% in 2030 relative to a BAU scenario or by 36% with external support.

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