Mexico will double its clean generation capacity, projects SRE
The Secretary of Foreign Affairs, Marcelo Ebrard, committed to “double Mexico’s clean energy generation capacity” with an additional investment of 48 billion dollars for a joint renewable energy generation project with the United States.
This, as part of the voluntary actions to which the country will commit in Nationally Determined Contributions (NDC) to mitigate climate change at the United Nations Conference (COP27) taking place in Egypt, in addition to the summit between the T-MEC partners, which includes Canada, in order to increase the goal from 22% to 35% in the reduction of greenhouse gases by 2030.
“President López Obrador has decided to expand national targets from 22% to 35% in greenhouse gas emission reductions, in order to accelerate the energy transition in North America,” explained Ebrard, accompanied by U.S. Special Climate Envoy John Kerry, at a press conference.
“That means doubling efforts in the next eight years, compared to the original plans for this decade,” according to the foreign minister.
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Thus, with the support of the United States, it is estimated that an additional investment of approximately 48 billion dollars will be required between 2022 and 2030, which will be mobilized from the public and private sectors of both nations, explained the Mexican foreign minister.
Mexican and U.S. officials did not specify an amount of U.S. financial support for this task, which will involve “doubling Mexico’s clean energy generation capacity,” said Ebrard.
The announcement, which will involve a large renewable energy project called Sonora on the U.S.-Mexico border, “will be one of the most important topics at the next summit” of the three partners next month, Ebrard added.
“This is a vision, not just an announcement,” Kerry added.
Previously, Foreign Minister Marcelo Ebrard said Mexico must increase clean energy production faster than the United States to ensure it meets the demand for goods made with more environmentally friendly inputs, Foreign Minister Marcelo Ebrard said last Thursday.
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During an event in San Luis Potosí, the official added that President Andrés Manuel López Obrador asked him to attend the COP27 climate summit taking place from November 6 to 18 in Egypt.
During Kerry’s visit to the state of Sonora last month, the foreign secretary said the countries shared a vision of increasing solar, geothermal, wind and hydroelectric production.
Mexico also presented Kerry with its so-called Sonora Plan, a push to turn the hot, arid border state into a green energy hub with solar farms and lithium production.
Appearing before deputies last week, Federal Electricity Commission (CFE) Director General Manuel Bartlett said that 13 hydroelectric plants are being upgraded and three other agricultural dams are being equipped to transform them into hydroelectric plants. Also under construction is the 1,000 megawatt Puerto Peñasco Photovoltaic Power Plant in Sonora, which to date has installed more than 16,000 solar panels, and at the same time, the 25 megawatt Húmeros III Geothermal Power Plant, located in the state of Puebla, is being developed.
“These projects, in their totality, add up to approximately 9,000 megawatts, and an investment in the order of 9,000 million dollars, through various financing mechanisms,” he said.
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In addition, for this year 78 billion pesos have already been spent, with which the CFE seeks to generate 54% of the electricity required by the country, seeking to take the lead in the transition to renewable energy.
Source: https://www.dossierpolitico.com/vernoticias.php?artid=273689&relacion=&tipo=Principal&categoria=2
