BNamericas | Electric Power Outlook 2024

Decarbonization, electrification and changing business models will set the agendas for Latin America’s electric power sector in 2024, while growing socio-environmental conflict, permitting challenges and lagging regulatory adaptation to new realities will set the tone.

[@mexicoenergy]

An intricate interplay of economic, environmental, and policy factors underpins the surge in renewable energy procurement in Mexico. The economic case for renewables is bolstered by their cost-competitiveness, investment potential, and contribution to energy security. Environmentally, the shift is driven by the need to reduce carbon emissions, align with global sustainable development goals, and address local environmental concerns. Policy-wise, government incentives, international climate commitments, and grid integration efforts are pivotal.