2013’s Energy Reform marked a turning point for Mexico’s energy sector. Four years after that moment, Mexico can boast more than 20GW clean energy installed capacity, setting out the ambitious goal of 35 percent of its energy coming from clean sources by 2024. Key participants and new arrivals are jockeying for position as Mexico’s third long term electric auction draws near with its April 20 date, which will include buyers other than the state-owned CFE for the first time.
The sector, however, is far from complete as the Wholesale Energy Market (MEM) designed to handle a new type of energy demands, mostly from commercial and industrial users long used to dealing solely with CFE, is still in its infancy. A report by Zumma rg+c prepared for the upcoming clean energy Mexico’s International Renewable Energy Congress (MIREC) WEEK 2017, set for May 8 – 12 in Mexico City, points out that up until February, only a few dozen companies had registered as qualified users to take advantage of the MEM, despite energy regulator CRE identifying over 4,300 potential qualified users in the country.
Highlighting the Shift
The rules and regulations have been written, the goals have been established, the stage has been set. All that remains is for the players to get acquainted with each other.
MIREC WEEK 2017 will highlight the importance of this industry’s shift. Green Power, congress and conference organization specialists, have recognized the potential of the sector by creating Mexico’s largest clean energy showcase, assembling the private and public sphere linked to renewable energy such as regulators, generators, suppliers, energy traders, manufacturers, contractors, qualified users, local companies, international conglomerates and more industry insiders.
A date for May 8
For the 2017 edition, MIREC has assembled a wide-reaching panel of over 200 industry decision-makers, regulatory experts and insiders to discuss the state and the future of clean energy in Mexico, also looking into subjects like grid development and the emerging field of energy storage. The forum is backed by business opportunities with more than 1,500 key decision makers and 80 major companies. Where will you be on May the 8th?