Mexico’s solar thermal and photovoltaic resources are among the world’s best. Just one square of 25 kilometers in the State of Chihuahua or the Sonoran desert would be sufficient to supply electricity to the entire country.1 Mexico’s Secretariat of Energy (SENER) predicts the country will have 6 gigawatts (GW) of solar energy installed by 2020, although less than 1% of that is currently installed. The Mexican Government offers no direct subsidy to solar energy.
Demand for electricity in Mexico is increasing, and 22 GW will be needed by 2025. Energy costs are rising 8-10% annually. Despite little government intervention, the private solar sector in Mexico has been booming, experiencing triple-digit growth rates every three years over the past ten years and becoming one of the fastest growing solar energy markets globally.