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Partner Country Mexico

The solar location Mexico becomes an IEA member

The Mexican government is reforming its energy sector and creating good conditions for energy companies. The network monopoly has recently been abolished and the solar industry is booming.

05 Mar. 2018
Tim Stockschläger
HMI-ID02-084ts_SMASolarTechnology02
The solar location Mexico becomes an IEA member (Foto: SMA Solar Technology)

Since February 17, 2018, Mexico is the first Latin American country to become a member of the International Energy Agency (IEA). Thus, the IEA, with just 30 members (plus seven associated countries), now represents more than 70% of global energy consumption. The accession is partly due to the reform of the Mexican energy market adopted in 2013, which also favors private investment. By mid last year, there were only three major solar parks across the country. This is set to change quickly.

Due to the very low prices for electricity, the solar panels still come mainly from Asia. By contrast, German providers are increasingly involved in special solutions. German companies are also doing well with respect to individual technical components such as inverters. For example, the Hessian company SMA Solar Technology has recently established an office in Mexico.

Overall, the Mexican photovoltaic market is still relatively young, and experts expect significant growth in the solar industry . After all, Mexico has ambitious goals. By 2050, 50% less greenhouse gas emissions are expected to be achieved compared to levels from 2000. The government is focusing heavily on renewable energy. At the same time, the population and, with it, the energy demand of the future are growing.