By 2030, Mexico could generate up to 46% of its electricity each year, or 280 terawatt-hours (TWh), from renewable sources, according to the new report “Renwable Energy Prospects: Mexico”, published by the International Renewable Energy Agency (IRENA).
This compares with 18% using business-as-usual developments (116 TWh/year). To achieve a 46% share of renewables in electricity generation, the country is likely to see the greatest deployment in wind, 30 gigawatt (GW) and solar photovoltaics (PV), 30 GW.
Together wind and PV could account for 26% of total power generation in 2030.
Solar thermal applications for heating/cooling in buildings and industry could amount to 33 GW
Total installed capacity of solar thermal applications for heating/cooling in buildings and industry would amount to 33 GW, making up almost one tenth of the country’s renewable energy consumption, according to the report.
Renewables can be an important driver for diversifying Mexico’s energy supply, IRENA emphasizes. Renewable energy has the potential to reduce Mexico’s total coal demand by 62%, natural gas by 21% and oil by 6% compared to business as usual to 2030.
Annual net savings of USD 1.6 billion are possible in Mexico’s total energy system cost by 2030
The result of a higher renewable energy uptake is an annual net savings of USD 1.6 billion in Mexico’s total energy system cost by 2030. Meanwhile, if the benefits resulting from lower harm to health and reduced carbon dioxide (CO2) emissions are taken into account, savings could amount to USD 4.6 billion and 11.6 billion respectively each year.
To achieve such gains, policy changes in the power market are needed, IRENA notes. Planning is essential for transmission, expansion and grid integration to accommodate the full range of renewable power technologies. New policies are also needed to promote the uptake of renewable energy for heat and fuel applications in the buildings, industry and transport sectors.
2015-05-27 | Courtesy: IRENA | solarserver.com © Heindl Server GmbH
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