Business · Energy & Commodities · 1 hr ago
Mexico’s CFE plans preliminary approval for over 60 renewable energy projects
Mexico’s state power company plans to consider more than 60 renewable energy projects on October 20.
The proposed wind and solar plants would add about 8.2 gigawatts of electricity capacity to the country’s grid and cost an estimated $12.5 billion, depending on transmission expenses.
The projects are part of President Claudia Sheinbaum’s plan to strengthen Mexico’s strained electricity network by working with private companies.
Mexico has faced seasonal power cuts, especially in the Yucatán Peninsula, after years of limited investment left it short of power plants and transmission lines.
The plans mark a shift from the previous government’s restrictions on private investment, though Mexican law requires the state to own at least 54% of every power plant.
Sheinbaum aims to add 32 gigawatts of generation capacity by 2030, with 40% coming from renewable sources.
The CFE vote would give the projects preliminary approval, and the number receiving final approval could be lower.
Mexico’s state-owned electricity company plans to seek preliminary approval for more than 60 renewable energy projects on October 20.
The proposed projects would add about 8.2 gigawatts of capacity, mostly from wind and solar power.
Their estimated cost is $12.5 billion, depending on transmission expenses.
The projects are part of President Claudia Sheinbaum’s plan to strengthen the electricity grid with private companies working alongside CFE.
A source said the number of projects receiving final approval could be lower.
- Who
- Mexico’s state-owned electricity company, CFE, is expected to consider the projects.
- What
- CFE’s board is scheduled to vote on preliminary approval for more than 60 renewable energy projects.
- When
- October 20, 2026.
- Where
- Mexico.
- Why
- The projects are intended to strengthen the country’s electricity grid and add generation capacity.
This story does not have two clearly opposing sides.
Mexico’s electricity grid has experienced seasonal outages, especially on the Yucatán Peninsula.
CFE’s board is scheduled to vote on preliminary approval for more than 60 projects.
- Projects
- More than 60
- Proposed capacity
- About 8.2 gigawatts
- Estimated cost
- $12.5 billion, depending on transmission expenses
- Main sources
- Mostly wind and solar
- 2030 target
- Sheinbaum aims to add 32 gigawatts of generation capacity, with 40% from renewable sources.