Hybrid renewable storage project financing options in Mexico 2025

Will energy storage attract renewables investment in Mexico?

With Mexico's president-elect having announced an intent to attract renewables investment, energy storage was the subject of much discussion at the Intersolar Mexico trade show.

Will Mexico start energy storage RD&D projects?

The roadmap suggests developing regulations and promoting research, development and demonstration (RD&D) projects , but these proposals have not yet been adopted as a formal policy guideline. Nevertheless, Mexico is expected to start energy storage RD&D projects in the next years.

Why do we need a wind energy portfolio in northern Mexico?

The necessity of diversifying the renewable energy portfolio with wind energy in northern Mexico arises from its potential to enhance energy security, mitigate risks associated with dependence on a single energy source, and stabilize energy supply .

How can Mexico promote energy storage?

To accelerate investments and promote the formation of a storage market, Mexico should introduce technology-push and market-pull policies simultaneously. Procurement targets could be used if policymakers decided that energy storage is a short-term priority, as in the case of the US.

How can industry integrate energy storage into the Mexican energy mix?

To integrate energy storage effectively into the Mexican energy mix, industry must lead the way in promoting links between academia, itself, government, and wider society to promote viable, scalable solutions.

Should energy storage be a priority in Mexico?

If energy storage deployment is considered a priority in the following years, Mexico could accelerate investments through a mix of storage procurement targets and financial incentives. A strong storage market can also be built over time by offering rebates, loans, investment grants, tax credits or other financial incentives.