According to an analysis by global energy think tank Ember, Mexico can save $1.6 billion in natural gas imports by 2030.

This transition is expected to reduce the U.S.’s dependence on importing natural gas from the U.S., making it the largest buyer of U.S. natural gas worldwide.

Although electricity demand is expected to increase by 15% over the same period, the country's electricity generation may drop from 204 hours (TWH) last year to 163 TWH by 2030, with 20% of electricity generation being seen as a 20% reduction.

By 2030, Mexico will need to install 36 GW of solar energy and 10 GW of onshore wind capacity to meet the 45% clean energy target.

This development is expected to create more than 434,000 direct jobs, build 419,000, and more than 15,000 permanently in operation of renewable generation plants for more than two decades.

Last year, Mexico only 22% of its electricity comes from renewable energy, with the product below the global average of 32% and the Latin American average of 62%.

By comparison, using gas imported from the United States produces 54% of electricity.

Mexican President Claudia Sheinbaum announced a 45% renewable electricity generation target in October 2024, marking a major policy shift to clean energy.

Ember's report compares two situations in Mexico's national power sector strategy - one with a 36% clean capacity target by 2030, another with a 45% clean capacity target and another with a 36% clean capacity target.

The results show that 45% of the cases not only saves ten times the cost of fuel, but almost twice the job creation compared to the 36% pathway.

The report also draws attention to success stories in Brazil and Uruguay, which quickly expand the solar and wind sectors through a simplified planning process.

"Clean energy is a win-win situation. Achieving the ambitious goal of solar and wind will allow Mexico to strengthen its energy independence while creating multiple socio-economic benefits," said Wilmar Suarez, energy analyst at Embratin America.

“Mexico’s clean electricity target for 2030 is to cut $1.6 billion in annual natural gas import targets,” originally created and released by the global Data-owned brand Energy Monitor.

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