SENER Plans 22 GW of Renewables and 12 GW Solar by 2030
Mexico's Renewable Energy Growth Plan targets 22,376 MW of new clean capacity by 2030, backed by a 739 billion peso investment. Solar PV will grow 140% and clean generation will reach 38% of the energy mix.
President Claudia Sheinbaum unveiled the Renewable Energy Growth Plan on June 24, scheduling 22,376 megawatts (MW) of new clean capacity (70 percent of a total 32,475 MW) with an investment of 739 billion pesos. Of that renewable block, 12,300 MW correspond to solar photovoltaic energy, a 140 percent increase over 2024 installed capacity.
The plan, detailed by Energy Secretary Luz Elena González Escobar, aims to raise clean generation from the current 23 percent to 38 percent by 2030, according to the Ministry of Energy (SENER). The Federal Electricity Commission (CFE) will develop 79 percent of the new capacity and maintain 61 percent of total generation by the end of the administration. Financing is split into three tranches, as reported by PV Tech: 42.6 percent through mixed public-private schemes, 36.6 percent from CFE's own resources, and 20.8 percent through private investment, equivalent to roughly 6.8 billion dollars in private capital. Beyond the 22.3 GW of renewables, the plan includes 9,900 MW of combined-cycle gas plants as firm backup capacity.
The portfolio covers 50 photovoltaic plants under development with 7,859 MW and 17 wind farms with 4,701 MW, spread across 11 states. The Rafael Galván Maldonado plant in Puerto Peñasco, Sonora, will reach 1,000 MW of solar and 246 MW of battery storage upon completing its four phases, with an investment exceeding 1.4 billion dollars, billed by the Mexican presidency as the largest solar plant in the Americas. The Oasis project in Baja California Sur will integrate 72 MW of solar, 20 MW of batteries, and green hydrogen production. The first award round in December 2025 already allocated 2,600 MW of solar, with operations expected by June 2028.
SENER is preparing a second call for an additional 6,500 MW, with 60 proposals already received and a six-to-one oversubscription rate. With 7,859 MW of solar in development and a 38 percent clean generation target for 2030, the plan marks the first time Mexico has established a renewable deployment roadmap with mixed financing, anchoring demand for utility-scale battery storage (BESS) and power purchase agreements (PPAs) through the end of the decade.
This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.
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This article was drafted with AI assistance from verified sources and reviewed by a human editor before publication.