Mexico: Renewable Energy Initiative

Increase the use of renewable energies by promoting investment and marketing in green energy, power generation, and R&D.

Status: In Force

Funding Information: The Federal Government shall finance public works to help advance in the fulfillment of the program goals. The private sector and local governments will be encouraged to play an important role in the investment of self supply and/or independent power production projects. The Mexican Government shall capitalize grants from Multilateral Organizations (GEF) of 80+ million dollars to: 1) supply temporary incentives for electricity generation through large scale renewable energy projects, 2) to foster research, technological development, and capacity building on renewable technologies. Additional funding will be capitalized through the trading of CO2eq emission reductions in the international carbon markets.

Targets: Increase of the installed capacity of RE for electricity generation in 40% (4000 MW) by 2014. A wind technology research center built and operating.

References: http://www.ren21.net/iap/commitment.asp?id=95