Mexico Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Mexico Renewable Energy Companies and the market is Segmented by Type (Solar, Wind, Hydro, Geothermal, and Others). The report offers the installed capacity and forecasts for the Mexican renewable energy market in Gigawatts (GW) for all the above segments.

Mexico Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Renewable Energy Market Size

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Mexico Renewable Energy Market  -  Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 10.00 %
Market Concentration Medium

Major Players

Mexico Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mexico Renewable Energy Market Analysis

The Mexico Renewable Energy Market is expected to register a CAGR of greater than 10% during the forecast period.

The COVID-19 pandemic did not have a major impact on the market studied, and it rebounded to pre-pandemic levels. Upcoming renewable energy projects, increasing foreign investment and government policies, and ambitious renewable energy targets are expected to drive the growth of the market studied during the forecast period. However, increasing penetration of natural gas for power generation is expected to hamper the growth of the Mexican renewable energy market during the forecast period.

Nevertheless, Mexico pledged to deploy 30 gigawatts in renewable energy capacity by 2030, which is expected to create lucrative growth opportunities for the Mexican renewable energy market during the forecast period.

Mexico Renewable Energy Industry Overview

The Mexican renewable energy market is moderately fragmented. Some of the major players in the market (in no particular order) are Siemens Gamesa Renewable Energy SA, Acciona SA, Enel SpA, Electricite de France SA, and Canadian Solar Inc.

Mexico Renewable Energy Market Leaders

  1. Siemens Gamesa Renewable Energy SA

  2. Canadian Solar Inc.

  3. Acciona SA

  4. Enel S.p.A.

  5. Electricite de France (EDF) SA

  6. *Disclaimer: Major Players sorted in no particular order
Siemens Gamesa Renewable Energy SA Canadian Solar Inc. Acciona SA Enel S.p.A. Electricite de France (EDF) SA
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Mexico Renewable Energy Market News

In November 2022, Atlas Renewable Energy commenced a 300 MW La Pimienta solar power plant in Campeche, Mexico. The USD 340 million La Pimienta solar project sells electricity to Mexican state-owned power utility Comisión Federal de Electricidad (CFE) under a 15-year power purchase agreement.

In November 2022, Mexico planned to increase the power it generates from renewable energy sources, deploying more than 30 additional gigawatts of annual electricity from wind, solar, geothermal, and hydropower by 2030.

Mexico Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Mexico Renewable Energy Mix, 2021
  • 4.3 Renewable Energy Installed Capacity Forecast in GW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies, Targets, and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Hydro
    • 5.1.4 Geothermal
    • 5.1.5 Other Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Canadian Solar Inc.
    • 6.3.2 JinkoSolar Holding Co. Ltd
    • 6.3.3 SunPower Corporation
    • 6.3.4 Trina Solar Co Ltd
    • 6.3.5 JA SOLAR Technology Co. Ltd
    • 6.3.6 Acciona SA
    • 6.3.7 Siemens Gamesa Renewable Energy SA
    • 6.3.8 Enel SpA
    • 6.3.9 Vestas Wind Systems A/S
    • 6.3.10 Electricite de France (EDF) SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Mexico Renewable Energy Industry Segmentation

Renewable energy is the energy collected from renewable resources, such as sunlight, wind, water movement, and geothermal heat, that are naturally replenished. The Mexican renewable energy market is segmented by type.

The market is segmented by solar, wind, hydro, bioenergy, and other types. For each segment, the installed capacity and forecasts have been done based on gigawatts (GW).

By Type Solar
Wind
Hydro
Geothermal
Other Types
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Mexico Renewable Energy Market Research FAQs

What is the current Mexico Renewable Energy Market size?

The Mexico Renewable Energy Market is projected to register a CAGR of greater than 10% during the forecast period (2025-2030)

Who are the key players in Mexico Renewable Energy Market?

Siemens Gamesa Renewable Energy SA, Canadian Solar Inc., Acciona SA, Enel S.p.A. and Electricite de France (EDF) SA are the major companies operating in the Mexico Renewable Energy Market.

What years does this Mexico Renewable Energy Market cover?

The report covers the Mexico Renewable Energy Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Energy in Mexico Industry Report

Statistics for the 2025 Mexico Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.