Pro Mexico Industry | Energy transition in México: solar power as
More and more households and businesses are installing solar panels to reduce both their electricity bills and their carbon footprint. Additionally, the cost of solar technology
However, greater investment in renewable energy, as well as tax breaks and other financial incentives for consumers looking to make the switch, could help accelerate the rollout of Mexico's green energy. In 2022, Mexico had a total of 31.3 GW of installed clean energy capacity, which mainly consisted of hydropower, wind, and solar power.
To meet the 35% clean energy target in 2024, Mexico needs at least 128.83 TWh or 42.56 TWh of additional clean energy generation. National solar PV capacity potential is estimated at 24,918 GW.1 This potential capacity could generate 50,196 TWh/yr or 137 times the 365 TWh estimated demand for Mexico in 2024.
Historically, the main applications of solar energy technologies in Mexico have been for non-electric active solar system applications for space heating, water heating and drying crops. As in most countries, wind power development preceded solar power initially, due to the lower installation cost.
Solar power has the potential to produce vast amounts of energy. 70% of the country has an insolation of greater than 4.5 kWh/m 2 /day. Using 15% efficient photovoltaics, a square 25 km (16 mi) on each side in the state of Chihuahua or the Sonoran Desert (0.01% of Mexico) could supply all of Mexico's electricity.
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