Mexico became one of the hottest markets for clean energy development. Newly open Mexico attracted billions in investment driven by three highly successful auctions that are tied to more than 8GW of new wind and solar capacity. But policy under president Andres Manuel Lopez Obrador, or AMLO, has taken a U-turn. Since taking office in late 2018, AMLO has cancelled Mexico’s renewable energy auctions and sidelined national clean energy targets. And recent regulation goes further, asserting that renewables threaten Mexico’s power grid, placing at risk over 4.5 gigawatts of wind and solar currently under development.
This episode is based on a report titled No Winners in AMLO's Clean Energy Feud. BNEF clients can access this report on bnef.com or BNEF Mobile, or at BNEF<GO> on the Bloomberg Terminal.
Switched On is hosted this week by Mark Taylor.
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