Mexico could see electricity prices drop by as much as 40 percent by deploying more renewable energy generating capacity. This is the conclusion of a study carried out by the Mexican Business Coordination Council, quoted by S&P Global Platts. Representatives of the local wind and solar power industry associations were co-authors of the study. Commenting on the study, the director of the Mexican wind power association, AMDEE, said that renewable energy could turn Mexico into a more competitive player on the energy market. Leopoldo Rodriguez also said, “Data have shown renewable generation in Mexico has more than surpassed all our expectations.” Last year, 21 percent of Mexico’s electricity, or 69.4 GWh, came from renewable sources. Renewable generation capacity stood at 22.3 GW, representing 30 percent of total installed capacity. Plans are in place to boost the portion of electricity produced by cleaner energy sources to 35 percent of the […]