Business energy storage project financing options in Mexico 2025

Will energy storage attract renewables investment in Mexico?

With Mexico's president-elect having announced an intent to attract renewables investment, energy storage was the subject of much discussion at the Intersolar Mexico trade show.

How can industry integrate energy storage into the Mexican energy mix?

To integrate energy storage effectively into the Mexican energy mix, industry must lead the way in promoting links between academia, itself, government, and wider society to promote viable, scalable solutions.

How many power plants will Mexico install in 2022?

A plan concerning the installation and retirement of power plants, prepared as part of the National Electric System’s development program, projected Mexico could install 4.5 GW of energy storage sites between 2022 and 2036.

Why are solar energy projects growing in Mexico?

This affordability is driving the expansion of solar energy projects across the nation, such as the new 500 MW solar panel production line recently commissioned by Solarever. Mexico’s wind energy sector is also experiencing rapid growth.

What will energy storage be like in 2023?

Around 20 university research groups were exploring energy storage by 2023 and have achieved notable advances in areas including high-speed and high-capacity batteries; the use of abundant, low-cost materials; and alternative or complementary devices such as supercapacitors.

How much does solar energy cost in Mexico?

The solar energy market in Mexico is burgeoning, with significant investments enhancing its infrastructure. According to Mordor Intelligence, the average levelized cost of electricity (LCOE) for utility-scale solar photovoltaic (PV) projects is approximately USD $0.049 per kWh, making it a competitive alternative to traditional energy sources.