Mexico says reforms will boost wind

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The Mexican government said it wants the renewables industry to play a key role in the country’s future as it rolls out far-reaching energy market reform.

Mexican energy secretary Pedro Joaquin Coldwell says there will be no limit set on private investors wanting to do business in Mexico, and that new independent system operator, Cenace, will help to ensure fair access to the grid, as well as a functioning market.

Coldwell, speaking at Mexico WindPower 2014, reconfirmed Mexico’s national target of generating 35% of its electricity from renewable sources by 2024.

Wind groups said the energy reform bill, passed last December, marks the beginning of the end of Mexico’s 75-year-old oil, gas and electricity monopoly.

It establishes an electricity market and should give wind power the opportunity to compete.

“The Mexican government has effectively challenged the wind industry to install around 2GW per year for the next decade,” says Steve Sawyer, secretary general of the Global Wind Energy Council.