Mexico plans $14bn wind bonanza.
The government of Mexico has unveiled a strategy to lure $14bn of fresh private investment into the countrys wind energy sector in the next three years.
Energy Secretary Joaquín Coldwell (pictured) said ongoing reform of Mexicos energy market should see the $5bn invested to date in wind tripled by 2018.
The extra capital could see Mexicos wind capacity spike from todays 2551MW to as much as 9GW in 2018, according to reports. Six wind farms totalling 732MW will come online this year alone.
Coldwell said wind energy has a fundamental role to play in the energy transition, alongside key players such as Acciona, Gamesa, Iberdrola and developer Peñoles.
The minister also praised ongoing work by the Comisión Federal de Electricidad to deliver eight wind farms totalling 2.3GW of capacity in the coming years.
Coldwell said the government is taking actions to reduce bureaucracy and expand transmission capacity to connect the extra wind capacity. Electrical interconnections, until very recently, required 47 (regulatory) steps. This has been reduced to just nine.
The federal administration is also supporting investment in initiatives to increase the reliability of turbines and wind farms, and decrease operation and maintenance costs, Coldwell added.
renews.biz/82308/mexico-plans-14bn-wind-bonanza/
The government of Mexico has unveiled a strategy to lure $14bn of fresh private investment into the countrys wind energy sector in the next three years.
Energy Secretary Joaquín Coldwell (pictured) said ongoing reform of Mexicos energy market should see the $5bn invested to date in wind tripled by 2018.
The extra capital could see Mexicos wind capacity spike from todays 2551MW to as much as 9GW in 2018, according to reports. Six wind farms totalling 732MW will come online this year alone.
Coldwell said wind energy has a fundamental role to play in the energy transition, alongside key players such as Acciona, Gamesa, Iberdrola and developer Peñoles.
The minister also praised ongoing work by the Comisión Federal de Electricidad to deliver eight wind farms totalling 2.3GW of capacity in the coming years.
Coldwell said the government is taking actions to reduce bureaucracy and expand transmission capacity to connect the extra wind capacity. Electrical interconnections, until very recently, required 47 (regulatory) steps. This has been reduced to just nine.
The federal administration is also supporting investment in initiatives to increase the reliability of turbines and wind farms, and decrease operation and maintenance costs, Coldwell added.
renews.biz/82308/mexico-plans-14bn-wind-bonanza/