10/26/2015 The Globe and Mail
Yet over the past few years the country has become a magnet for companies in the sustainable energy sector, companies as interested in its solar, wind and geothermal resources as its oil and gas. And with recent changes to laws governing power generation, experts say, that interest will only increase.
“There has definitely been exponential growth in the sector,” said Luis Aguirre Torres, chief executive officer of the Mexico City-based consultancy GreenMomentum Inc. The biggest has been in solar energy, he added, which has experienced triple-digit growth rates, but the development of wind, biomass and geothermal projects are also on the increase.
Behind that growth spurt is the constitutional amendment voted on by the Mexican congress in December of 2013. While the opening it gave to private companies in the oil and gas sector has garnered the lion’s share of attention, subsequent laws have also focused on electricity generation.