Although the demand for electricity in Mexico continues to increase, it is still committed to reducing its dependence on hydrocarbons. This has prompted its rapid development in the field of renewable energy, especially in the solar energy industry.
At present, Mexico's renewable energy accounts for about 20% of the energy mix. In 2017, the Mexican Ministry of Energy announced a new energy transformation plan on its official website, which pointed out the goals and strategies for the development of clean energy production. Among them, the proportion of renewable energy in total power generation was proposed to reach 25% in 2018, 2021 30% in the year, 30% in 2024, 45% in 2036, and 60% in 2050.
According to the “2017-2021 Global PV Market Outlook” report issued by the industry association SolarPower Europe in late May, Mexico is indeed expected to become the seventh largest solar photovoltaic market in the world in 2021.
The report predicts that as of 2021, Mexican photovoltaic installed capacity will reach 14.1 gigawatts, second only to Australia, Germany, Japan, the United States, India and China.