Mexico Renewables Report

Published 05 August 2015

  • 43 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Mexico Renewables Report

BMI View: Mexico's attractive regulatory environment, strong government support for renewable energy and good natural conditions for renewables generation will be the key drivers of growth for the sector and support our positive 10-year growth forecasts. The positive investment sentiment and continually strengthening project pipeline ensures that Mexico's renewables industry will be a key outperformer in Latin America over the coming decade.

Mexico's adoption of the 'General Law on Climate Change' in June 2012 set a target of boosting the renewable industry so that 35% of energy generated comes from alternative sources (including hydropower) by 2024 - an ambitious goal, considering the prevalence of thermal energy in its power mix. However, progress has been made, and overall, we expect Mexico's non-hydro renewables industry to continue to expand robustly. Furthermore, we believe Mexico will maintain its position as a key renewable energy player in the Latin American region.

Key Trends And Developments Within The Market:

  • According to the Mexican government, electricity tariffs for each type of consumer in March 2015 were significantly lower than a year earlier. The Ministry of Energy (Sener) quantified a reduction in tariffs of 18%-26% for industrial consumers, 16% for commercial consumers, and 7.5% and 2% for residential consumers with high and low demand, respectively.

  • In July 2015, Italian renewables operator Enel Green Power started work on the 100MW Vientos del Altiplano wind park in Zacatecas. The company will invest USD220mn in the project, which will include 50 turbines of 2MW. The project has already secured long-term power purchase agreements and work on the park is scheduled to be completed in H216.

  • It was announced in June 2015 that Mexican state-owned utility Comision Federal de Electricidad (CFE) has floated tenders for a variety of natural gas pipeline and power projects, worth a total USD9.8bn. The power projects include the USD63mn Phase...

BMI Industry View
5
SWOT
7
Industry Forecast
9
Mexico Renewables Forecast Scenario
9
Table: Total Electricity Generation Data And Forecasts (Mexico 2013-2018)
9
Table: Total Electricity Generation Data And Forecasts (Mexico 2019-2024)
10
Table: Electricity Generating Capacity Data And Forecasts (Mexico 2013-2018)
12
Table: Electricity Generating Capacity Data And Forecasts (Mexico 2019-2024)
13
Mexico Renewables Projects Database
22
Table: Mexico Renewables Key Projects
22
Industry Risk Reward Index
29
Mexico Risk Reward Index
29
Rewards
29
Risks
30
Market Overview
31
Sustainable Energy Policy and Infrastructure
31
Targets
31
Subsidies
31
Infrastructure
32
Competitive Landscape
33
Comisi-n Federal de Electricidad
33
Acciona Energia Mexico
34
Iberdrola
34
Gamesa Corporaci-n Techn-lgica
34
Vestas Wind Systems
35
Glossary
36
Table: Glossary Of Terms
36
Methodology
37
Methodology And Sources
37
Industry Forecast Methodology
37
Sources
39
Risk/Reward Index Methodology
39
Table: Renewables Risk/Reward Index Indicators
41
Table: Weighting Indicators
42

The Mexico Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Mexico. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Mexico, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Mexico, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Mexico Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Mexico renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Mexico to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Mexico renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Mexico, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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