Mexico concurs deals with US companies for greater than 1.8 GW of solar and also wind

• Mexico has protected commitments from 17 US firms that will certainly result in the development of 1,854 MW of solar and also wind, according to the office of President Andrés Manuel López Obrador.

As a result of these arrangements, the advancement of solar projects near the United States border is being checked out along with transmission networks that could enable electricity to be exported to California and other US states.

Speaking at the Major Economies Forum on Energy as well as Climate, a virtual event organized by United States President Joe Biden, López Obrador stated Mexico is committed to accomplishing its 35% clean energy generation goal by 2024.

He also exposed that building and construction is set to start on the first stage of a 1GW PV plant in Puerto Peñasco, in the northwestern Mexican state of Sonora.

A report published previously this year by the US Department of Energy's National Renewable Energy Laboratory (NREL) ended that Mexico "is ideally poised to end up being a clean energy powerhouse".

According to the research, quick development in renewables deployment might make it possible for the country to achieve its 35% clean energy generation objective by 2024, create high degrees of financial investment, rise energy gain access to, minimize prices to consumers and also enhance the reliability and also resilience of its power system.

NREL director Martin Keller claimed as understanding Mexico's renewables potential "will require energy policies that facilitate exclusive investment and also sustain our collaborations on clean energy, climate as well as supply chains".