How big is the Mexico solar photovoltaic market?

The size of the Mexico Solar Photovoltaic Market is expected to grow from 10.67 gigawatt in 2024 to 16.35 gigawatt by 2029, at a Compound Annual Growth Rate (CAGR) of 8.91% during the forecast period (2024-2029). The installed base of the market is expected to increase due to the increasing demand for decentralized solar energy systems.

What percentage of Mexico's electricity is generated by solar PV?

Solar PV accounted for 11% of Mexico’s total installed power generation capacity and 7% of total power generation in 2023.

Who are the key players in the Mexican solar photovoltaic market?

The Mexican Solar PV market is moderately consolidated. The following companies are key players in this market: Enel SpA, Engie SA, Canadian Solar Inc., Risen Energy Co. Ltd, and Hanwha Q Cells Co. Ltd. Need More Details on Market Players and Competitors?

How much does electricity cost in Mexico?

And this is often due to the fact that much more electricity is often required to power up a lot of devices in a work environment. With that being said, the cost of electricity for business in Mexico can cost roughly 1.5 pesos (about 50 cents USD) more than it does for a household.

What is the future of electricity in Mexico?

Rural Areas: Rural areas experience occasional outages; however, the frequency and duration of these outages have been decreasing due to infrastructure improvements. Electricity consumption is expected to grow at an annual rate of 2.5% between 2023 and 2037. 6 Solar News Related to Mexico No relevant news for Mexico yet.