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Mexican Electricity: One Constitutional Threat Defused, More Threats Coming

Mexican Electricity: One Constitutional Threat Defused, More Threats Coming

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Industry Segment: Power | Word Count: 1240 Words

May 2, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)-- Mexico's Congress on Easter Sunday blocked an attempt by President Andrés Manuel López Obrador to change the Mexican constitution to guarantee CFE, the Mexican national electric utility, about 56% of the electric generation market, well above what it is today. But that's not the end of uncertainty for overseas companies seeking to operate in a Mexican electricity and energy market that has been undergoing liberalization for years.

Foreign-owned companies have taken market share from CFE, building renewable energy generators that were cleaner and more efficient than the CFE's aging fossil-fueled power stations. According to Industrial Info's Global Market Intelligence (GMI) platform, approximately 179 renewable energy power projects, such as wind and solar, valued at roughly $25 billion, are under development in Mexico. Subscribers to the GMI Power Project Database can click here for a list of detailed project reports.

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