Mexico invites "all countries" to invest in its energy transition

Several dozen ambassadors were invited to the Puerto Peñasco site, in a desert landscape on the edge of the Gulf of California, to see the deployment of thousands of solar panels made in China.

"We want to invite all the countries of the world, all the companies of the world" to "participate, invest, be part of the future of Mexico", declared Marcelo Ebrard before, among others, the representatives of the United States, European Union, France, Italy and Switzerland.

The first part of the solar plant is to be inaugurated in April by President Andres Manuel Lopez Obrador, according to Mexican authorities.

“In its final stage” the park will have a capacity of 1.000 megawatts”, according to the Federal Electricity Commission (CFE, public).

Once completed, the plant will be able to supply 1,6 million users, and the CFE estimates this investment at a total of 1,6 billion dollars.

Mr. Ebrard and US Special Envoy for Climate John Kerry made joint announcements at the last COP27 in Egypt. Mexico shares with the United States the goal of decarbonizing its economy by 2035.

During the COP, the Mexican government presented a "preliminary investment plan" in favor of renewable energies to the tune of "48 billion dollars of investment".

But the United States, Mexico's main partner, publicly opposes Mexico's new energy policy, which plans to increase the share of public companies in electricity production.

This reform threatens billions of foreign private investments according to the United States, which has called for measures under the North American Free Trade Agreement.