The future looks promising for wind energy. Some players in the industry were concerned after the first power auction’s results because the largest share of megawatthours and CELs were awarded to solar energy projects, but we expected wind to play a more important role in the second power auction and that happened. The Mexican government has made a strong commitment regarding clean energy in the Energy Transition Law, stating that 35 percent of the country’s power must be produced from clean energies by 2024, and we expect wind to represent between 40-50 percent of that goal. With the competitive prices we are seeing per megawatt-hour of wind energy, we hope to reach 12GW of capacity installed by 2020. There are already 4GW installed and several large projects in the pipeline and the strong technical attributes of wind energy will be increasingly acknowledged.
View from the Top
Executive Vice President
Oak Creek Energy
The Oak Creek Energy Group develops renewable energy projects using in-depth strategic plans and risk-management programs.
A first reading of the energy industry’s regulatory framework suggests that environmental impact assessments should be prioritized
Together with hydropower, wind has been the king of renewable energies in Mexico since private companies began tapping into Oaxaca