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Mexico Renewables Report Q2 2016

Mexico Renewables Report Q2 2016

BMI View: Mexico is making considerable progress in its renewables expansion and we are maintainingour largely positive 10-year forecasts for the growth in renewables capacity owing to the positivefundamentals across the industry. That said, we believe that the expansion in the country's solar sector willremain below its considerable potential until the government takes steps to mitigate regulatory uncertaintyand improve the sector's operating environment.

Latest Updates and Structural Trends

Growth in Mexico's non-hydro renewables industry continued to accelerate in 2015, registering 25.5%year-on-year (y-o-y) expansion in capacity and 22.4% rise in generation. We anticipate non-hydrorenewables capacity to grow by annual average rate of 13.5% between 2016 and 2025, more than triplingthe total installed capacity base to 16.4GW in 2025. However, this will still account for just 16.9% of thecountry's total generation capacity.

Expansion in the Mexican solar power sector will remain below its considerable potential until thegovernment takes steps to mitigate regulatory uncertainty and improve the sector's operatingenvironment, which is clouded by a 15% import tariff on solar panels and the country's currencydepreciation. In light of these hurdles, our growth forecast for Mexico's solar power capacity through2020 is conservative relative to the pipeline of projects holding power generation permits.


BMI Industry View
Table: Renewables Headline Forecasts (Mexico 2015-2021)
SWOT
Industry Forecast
Mexico Renewables Forecast Scenario
Latest Updates
Structural Trends
Table: Total Electricity Generation Data And Forecasts (Mexico 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Mexico 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Mexico 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Mexico 2020-2025)
Mexico Renewables Projects Database
Table: Mexico - Top 10 Renewables Projects By Capacity (MW)
Industry Risk/Reward Index
Mexico Risk/Reward Index
Rewards
Risks
Market Overview
Sustainable Energy Policy and Infrastructure
Targets
Subsidies
Infrastructure
Competitive Landscape
Comisión Federal de Electricidad
Acciona Energia Mexico
Iberdrola
Gamesa Corporación Technólgica
Vestas Wind Systems
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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