Mexico could generate 46% of its electricity from renewable sources by 2030.
That would be equivalent to 280TWh of electricity from green sources every year, according to the ‘Renewable Energy Prospects in Mexico’ report.
It suggests wind and solar could produce 26% of electricity each, reducing coal demand by 62% and gas demand by 21%.
The report adds hydropower could generate 12% of the electricity, geothermal 5% and biomass 2%.
Secretary of Energy in Mexico, Pedro Joaquin Coldwell said: “In 2014 renewable energy was 18% of the total energy generation in the country. The Mexican Energy Reform in the electricity sector creates a bigger market and boosts green energy.”
The report was prepared by the International Renewable Energy Agency (IRENA) in collaboration with the Mexican Energy Secretariat (SENER).