Mexico’s government has presented a power expansion plan targeting 32 GW of new generation capacity by 2030, of which 22 GW (70%) should come from renewables (Mexican government press release, 24/06/2026). Mexico’s Renewable Energy Growth Plan aims to raise renewable electricity generation to at least 38% by 2030, while keeping the country’s share of total electricity supply at 61%. Under the MXN739bn (USD42bn) programme, Mexico also expects to reduce fossil fuel use and natural gas imports.
Planned additions include a 140% increase in solar capacity, 90% in geothermal, 70% in wind and 18% in hydropower, mainly through upgrades to existing facilities. The pipeline includes 50 solar PV plants totalling 7.85 GW and 17 wind projects totalling 4.7 GW, with a further 2.16 GW to be allocated.
The Federal Electricity Commission (CFE) highlighted the Oasis project in Baja California Sur, combining 72 MW of solar PV, 20 MW of battery storage and green hydrogen, and the Rafael Galván Maldonado PV project in Sonora, which should reach 1 GW of solar capacity and 246 MW of storage once completed.
As of 2025, Mexico’s total electricity capacity is at 93 GW, of which renewables represent around 35% (Enerdata’s Global Energy Research).
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