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Mexico, attractive to invest in clean energy

Mexico generates over 20% of its electric energy from clean sources

Mexico, one of the most attractive countries to invest in clean energy
The Solar energy is the fastest growing in the Mexican market - Photo: Ebrahim Noroozi/AP
English 29/08/2018 12:59 Notimex Mexico City Actualizada 13:04
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Mexico wants to produce 35% of clean energy by 2024 and it is already among the top ten countries where it is attractive to invest in this industry, and energy storage will become more important in the incoming years, experts said.

Currently, Mexico generates over 20% of its electric energy from clean sources, 16% corresponds to renewable sources, according to data obtained by Deloitte.

In addition, different lists place Mexico in the top 10 of the most attractive countries to invest in renewable energy, after the implementation of the Energetic Reform.

"As the production of clean and renewable energy in Mexico grows, there is also the need for greater storage to take advantage of these resources and surpluses," Siemens said.

This is why the German company will offer cutting-edge global technology based on batteries that can store energy surplus, said Alejandro Preinfalk, Vice President for Siemens Mexico and Central America of the Energy Management, Mobility and Building Technologies Divisions.

He emphasized that it is expected that the energy storage sector will expand from its installed capacity to 28GW by 2022 globally, equivalent to the energy used by 18.6 million households.

Siemens, through Fluence, a new global company, will offer services and battery-based energy storage technology.

"Fluence is backed by 48 global projects that make up a total of 463MW of energy storage through batteries in 13 countries, including the largest energy storage project based on lithium-ion batteries near San Diego, California," he said in a statement.

The multinational offers battery-based energy storage solutions with a utility scale for flexible peak capacity, auxiliary services such as frequency regulation, transmission reliability, distribution and renewable integration applications dating back a decade, he noted.

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