Blue Global Targets Hybrid, On-Site Projects in Energy Shift

Q: What new strategic priorities has Blue Global Energy adopted in response to the evolving needs of Mexico's industrial sector, particularly amid regulatory reforms?

A: We view this as a moment of clarity for the sector, as it outlines a defined path and vision for the next five years. 

We have identified three core opportunity areas. The first is on-site generation projects, where we continue to see solid potential in rooftop solar systems and energy storage. The second area involves utility-scale projects, which are now viable in regions with high demand. Additionally, there is a new window of opportunity to collaborate with CFE on hybrid or mixed projects. These developments are creating a more structured and promising landscape for private sector participation.

The government has set a clear roadmap for the energy sector over the next five years. This is a critical step, as it allows both the private sector and CFE to align with a shared set of objectives. Out of the roughly 30,000MW in new capacity announced, the government has indicated that 46% may be developed by private companies. That equates to approximately 14,000MW, while the remaining 16,000MW would be under CFE’s purview. This clarity enables more effective planning and execution, which benefits all stakeholders in the sector.

Q: In terms of technology, how is Blue Global Energy making its projects more resilient to the challenges of Mexico’s grid?

A: Mexico faces an ongoing challenge with transmission infrastructure, particularly in terms of limited coverage and capacity. The most effective solution in the short to medium term is to develop generation close to the point of demand.

From a technological standpoint, we are responding by deploying rooftop solar and battery storage systems directly for our clients. We also have plans to develop projects near consumption hubs to avoid placing additional pressure on the grid. This approach makes it easier to gain regulatory support and allows for faster implementation. Given that demand is growing faster than transmission infrastructure can keep up, distributed generation is a practical and sustainable solution.

Q: To what extent does Blue Global Energy see an opportunity in hybrid models that combine gas cogeneration with solar or wind in industrial zones?

A: Hybrid models offer several advantages. For example, complementing a gas-fired generation plant with rooftop solar or storage can lead to more competitive electricity prices, as it reduces reliance on gas prices. At the same time, it allows companies to meet their ESG targets and clean energy certificate obligations.

Many corporations have made formal commitments to reduce their environmental footprint, and hybrid systems help fulfill those goals while maintaining energy reliability. We believe that future demand growth from industrial clients will increasingly lean toward renewable solutions, without compromising the stability provided by traditional energy sources.

Q: Given the current context of US policy shifts, nearshoring, and USMCA, do you believe ESG criteria will remain relevant even if US priorities move away from renewables?

A: Absolutely. Ultimately, it is the end consumer who drives demand, and consumers increasingly expect the products they purchase to be manufactured sustainably. Renewable energy is not only environmentally responsible but also cost-competitive, which strengthens its appeal.

Even if public policy in the United States shifts, market forces and consumer expectations will continue to support the ESG agenda. Companies are aware of this. While supply chains may be restructured, the strategic partnership between Mexico and the United States remains strong. We do not foresee a reversal in the momentum behind renewable energy; on the contrary, we expect continued growth and development of new projects in this space.

Q: How prepared do you think the Mexican industry is to understand and navigate today’s energy challenges? How do you support clients who are expected to have a deep understanding of these issues?

A: I believe energy remains a relatively new area for many clients. While they are increasingly familiar with the available technologies, there is still a learning curve. The responsibility falls on companies like ours to thoroughly analyze each client’s energy consumption, assess their specific characteristics, and then clearly present the different available options, highlighting the advantages and limitations of each. This way, clients can make informed decisions. After all, not every process is compatible with a fully renewable solution. Some industrial operations still require fossil fuels.

Our approach is to provide clients with a clear understanding of all their options, ensuring they are aware of key factors such as reliability, generation guarantees, and of course, cost. Based on this information, they can determine the best path forward.

It is common for clients to feel uncertain about which direction to take. That is why our role is to provide clarity and guidance, empowering them to select the solution that best aligns with their operational needs.

Q: What are the main challenges Blue Global is currently facing, particularly regarding equipment supply, technology access, talent availability, and financing?

A: When it comes to equipment and technology, we are working with well-established and proven systems sourced from different parts of the world. We are very clear about which technologies and manufacturers are reliable. Tariffs can occasionally introduce some complications, but markets usually stabilize. We do not view this as a major obstacle.

Regarding talent, Mexico has a strong and growing base of professionals with deep expertise in the energy sector. I see universities increasingly offering degrees focused on renewable energy and related fields. As a result, we see no significant limitations in terms of human capital either.

On the financing side, both commercial banks and investment funds are showing strong interest in Mexico. The market remains highly attractive, and I believe that the clarity now being provided by President Sheinbaum’s administration will further reinforce investor confidence. Investment in Mexico never truly stopped; it may have slowed at times, but we are already seeing renewed momentum. In our view, the three core elements, technology, talent, and financing, are all well covered.

Q: What would you say are your main priorities for 2025, and how are you planning to close out the year?

A: We currently have an active portfolio of financed projects by Blue Global Energy scheduled for execution in 2025 and 2026. On the energy storage front, we are developing more than 10MW. We have a similar-sized pipeline in solar PV as well.

Client interest in signing new projects remains strong, and we are very encouraged by this continued momentum. On the utility-scale side, we are in the permitting phase, with the goal of having those approvals finalized by the end of 2026.

Blue Global Energy is a Mexican company that develops renewable energy projects. Its main business lines are solar, cogeneration, and wind energy.