With a power score of 1.87, Mexico ranks number 68 among Emerging markets and number 12 in the Latin America region.
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Mexico has a power score of 1.87, which puts it at rank 68 in the Emerging Markets power ranking. The power score of Mexico is lower than the average of 2.07 in the Latin America region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Mexico implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Support for customer-sited generation (rooftop and self-consumption), Tax incentives, Renewables mandate/RPS/Supplier Obligation, and REC'S - Renewable Energy Certificates
The average electricity price in Mexico has decreased from ~$152/MWh in 2023 to ~$147/MWh in 2024. Since 2019, the average electricity price in Mexico has fluctuated between ~$119/MWh in 2020 and ~$152/MWh in 2023.
The top amount of capacity installed in Mexico in 2024 was in Natural gas at 47.45GW, up from 47.41GW in 2023.
The technology with the largest share of electricity generated in Mexico in 2024 was Natural gas at 214.28TWh, up from 202.43TWh in 2023.
Investment in clean energy in Mexico was around $2.29Bn in 2024. This amounts to an increase of around 77% from $1.30Bn in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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