President Andrés Manuel López Obrador launches clean energy program “Project 18 Economy”

Mexico City (February 11, 2019) -  Mexico’s government will launch a program, called Project 18 Economy, Energy Sector and Development, to accelerate its transition to renewable energy with a goal of 36,363 megawatts by 2024.

There are three key technologies slated to fulfill the goal - 58%  solar power, 28% wind power and 14% hydropower by repowering the existing plants of the Federal Electricity Commission (CFE).

Meanwhile, the electrical generation forecast by renewables for 2024 will provide nearly 25% of Mexico’s consumption of 87,000 gigawatts per hour. The project will mitigate 57.65 tons of carbon dioxide.   

In 2015, Mexico signed the Paris Agreement on climate change, in which the goal is to have a 35% of its clean energy by 2024 and 50% by 2050. 

Several specific targets have emerged. The government also contemplates the installation of 4.8 million rooftop solar systems, and 1,000 electric charging stations for electric vehicles with an installed capacity of 780 megawatts for an estimated one million automobiles.

Mexico’s government will launch a new program