- Over the last two years, national policy reforms have eroded the investment environment in Mexico for renewable energy. But the latest proposal to reverse key parts of the Electricity Act, Ley de la Industria Eléctrica (LIE), poses an unequivocal threat to all local and foreign private sector investment into Mexico’s formerly robust renewable energy market.
- This critical policy change further relegates renewable energy supply to the backseat in Mexico, unwinding the progress made in its energy transition over the last decade and reversing 2015’s landmark energy market liberalisation. Giving priority dispatch to state-owned utility CFE’s plants – fossil fuels and large-hydro plants that generate power with far higher costs and carbon emissions – undermines the principle of fair competition and puts Mexico’s climate commitments and investment environment at risk.
- The international bodies representing the global wind and solar industries jointly call upon the Government of Mexico to restore policy stability and legal certainty to the renewables sector, and capitalise on the significant investment, socioeconomic benefits and energy security brought by the clean energy transition.
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