On February 5, 2025, the Comisión Federal de Electricidad (CFE) announced a $15.58 billion investment plan for 25 power generation projects during President Claudia Sheinbaum’s six-year term.
These projects will play a pivotal role in modernizing Mexico’s energy system, particularly in the renewable energy sector. According to CFE, the planned investments will include photovoltaic solar power, wind power, and other types of electricity generation projects, with a projected total addition of 29,074 MW of new generation capacity by 2030.
Under the CFE’s plan, approximately 31.5% of the investment will be directed toward nine photovoltaic projects, expected to add 4,673 MW of generation capacity by 2028, with an investment amount of $4.91 billion. Additionally, CFE plans to invest $3.25 billion in seven wind power projects, which will provide 2,470 MW of electricity. Furthermore, CFE will undertake five combined cycle power projects, one internal combustion engine project, and several energy storage initiatives to enhance the stability and sustainability of power supply. Apart from increasing power generation capacity, CFE will also invest $3.6 billion in the modernization of national power transmission and distribution networks, further improving the reliability and coverage of the electricity system.
This large-scale investment plan by CFE marks a significant turning point for Mexico’s energy industry and is poised to have far-reaching implications for the global energy market. For Chinese enterprises, it presents a wealth of business opportunities. As Mexico accelerates its green energy transition, Chinese companies can engage in various ways, such as through technological partnerships, equipment supply, and project financing, to further expand their influence in the Latin American market. Meanwhile, the tense energy relations between Mexico and the U.S. have made investment opportunities for Chinese companies in energy projects even more prominent. As Mexico seeks to reduce its foreign dependence, Chinese enterprises could become crucial partners in this energy transformation process.