Mexico Renewables Report

Published 29 April 2015

  • 40 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 renewables industry is facing mounting headwinds in the form of falling electricity prices, which threaten to erode the sector's cost competitiveness relative to thermal power generation. Overall, however, we believe that the positive fundamentals of the market, including the conducive policy environment, outweigh the risks; a view supported by the strong investor interest in the market and continued strengthening of the project pipeline.

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.

  • Spanish firm Acciona expects to commence construction of its first solar farm in Mexico, with a capacity of between 30MW and 50MW, by the end of 2015. The firm aims to install 200MW of solar power in the country, reports Milenio, citing ACCIONA Energia Mexico Director Miguel Angel Alonso. Acciona has wind parks with an installed capacity of 556MW in Oaxaca State and is constructing another 300MW under engineering, procurement and construction contracts, in Oaxaca and Nuevo Leon.

  • Acciona opened a concrete wind turbine tower production facility in General Escobedo, Nuevo...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Mexico Renewables Forecast Scenario
9
Table: Total Electricity Generation Data And Forecasts (2013-2018)
9
Table: Total Electricity Generation Data And Forecasts (2019-2024)
10
Table: Electricity Generating Capacity Data And Forecasts (2013-2018)
12
Table: Electricity Generating Capacity Data And Forecasts (2019-2024)
13
Mexico Renewables Projects Database
21
Table: Mexico Key Projects - Renewables
21
Industry Risk Reward Index
26
Mexico Risk Reward Index
26
Rewards
26
Risks
27
Market Overview
28
Sustainable Energy Policy and Infrastructure
28
Targets
28
Subsidies
28
Infrastructure
29
Competitive Landscape
30
Comisi-n Federal de Electricidad
30
Acciona Energia Mexico
31
Iberdrola
31
Gamesa Corporaci-n Techn-lgica
31
Vestas Wind Systems
32
Glossary
33
Table: Glossary Of Terms
33
Methodology
34
Methodology And Sources
34
Industry Forecast Methodology
34
Sources
36
Risk/Reward Index Methodology
36
Table: Renewables Risk/Reward Index Indicators
38
Table: Weighting Indicators
39

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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc