Effective August 12, 2014, Mexico's new electricity law opened the electric industry to private sector participation in generation, transmission, distribution and power marketing activities. The new law provides for mechanisms to encourage the use of clean energy sources, and generation companies that produce energy through renewable sources or clean technologies will be eligible to receive tradable clean energy certificates. Legal analyses are available here and here.
Analysis by Bloomberg New Energy Finance shows that investment in clean energy in Mexico totalled $1.3 billion in the first half of 2014, compared to $1.6 billion in the whole of last year. If activity continues at the rate of the first six months, then 2014 will be a record year, overtaking the previous high of $2.4 billion set in 2010. Significant further increases in activity in both wind and solar are forecast in the next two years.
Analysis by Bloomberg New Energy Finance shows that investment in clean energy in Mexico totalled $1.3 billion in the first half of 2014, compared to $1.6 billion in the whole of last year. If activity continues at the rate of the first six months, then 2014 will be a record year, overtaking the previous high of $2.4 billion set in 2010. Significant further increases in activity in both wind and solar are forecast in the next two years.
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