2012-10-22 02:32:53 - Mexico Renewables Report Q4 2012 - a new market research report on companiesandmarkets.com
We view Mexico´s adoption of the ´General Law on Climate Change´ as a turning point in the country´s energy agenda, as the new legislation has the potential to improve the outlook for renewable energy expansion. However, without a comprehensive regulatory framework in place to attract investment into the sector, it is likely that the ambitious targets for both renewable energy and carbon emissions will be left unfulfilled.
That said, we do anticipate robust growth across the non-hydro renewables sector, in particular within the solar and wind segments. Recent developments within the industry include:
â¢ According to our Renewables Key Projects Database, there are 11 wind projects and four solar projects in the pipeline, with a combined capacity of almost 2.3GW.
â¢ SolFocus Inc
have joined forces with Synergy Technologies and Mexico´s Grupo Musa to construct a 450MW solar plant. Expected to be operational by 2013, the project is the largest of its kind, and may encourage future investment in Mexico´s solar energy.
â¢ The 50MW Los Humeros II geothermal power plant has been in the pipeline since 2009, and is due to go online towards the end of the year.
â¢ The General Law on Climate Change was sanctioned on June 5 2012, and outlines stringent CO2 emission targets of 30% ´below business-as-usual levels´ by 2020, and a 50% reduction on 2000 levels by 2050. Furthermore, it aims to increase renewable electricity generation so it contributes at least 35% to the total generation mix by 2024.The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
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