Author: Nick Dimmock, Head of Corporate Finance 350 PPM Ltd.
Mexico is one of the hottest global renewable energy markets and is currently the second largest power market in Latin America with US$110 billion of investment in the generation, transmission and distribution sectors forecast until 2030.
Only five years ago, the generation, transmission, distribution and supply of electricity were all exclusively managed by the state-owned utility (and monopoly), the Comisión Federal de Electricidad (CFE). The energy sector attracted little foreign investment and had only a few operational renewable energy projects. All that changed in 2014, when, as part of a package of reforms, the government passed the Electricity Industry Law (Ley de la Industria Eléctrica) and started the process of a profound transformation of the power market – from a vertically integrated utility controlled sector – to a liberalised generation market with more opportunities for private companies.
Read the full report by clicking here: The BIG Mexico Report