Mexico plans to add almost 7 GW of wind power by 2030 , a deployment that could mobilize millions of dollars and that places financing as one of the determining factors to convert the planned capacity into operational projects.
“We are talking about 25 billion dollars of investment in renewables, of which 12 billion correspond to wind energy ,” said Ramón Fiestas, president of the Global Wind Energy Council (GWEC) for Latin America , in dialogue with Energía Estratégica.
The magnitude stems from a plan that envisions an additional 6,860 MW of wind power by 2030. Of that volume, 4,701 MW distributed across 17 power plants have already been allocated, and another 2,159 MW remain pending for current tenders , according to information presented by the Ministry of Energy (SENER).
José María Rivera Fosado , Unit Head at the Federal Electricity Commission (CFE), confirmed that of the 17 power plants awarded, eight are part of a hybrid scheme with a total capacity of 2,949 MW plus 890 MW of battery storage, with commercial operation scheduled between 2029 and 2030 in Nuevo León and Tamaulipas. The remaining 1,752 MW awarded are the result of the call for bids for priority private projects issued in December 2025.
With developers showing interest and new calls for proposals moving forward, the next discussion will be how to finance that portfolio . Fiestas explains that renewable energy projects are usually structured with a very high debt component, so the conditions set by banks and other financial institutions will have a direct impact on their viability.
“ Projects typically rely on third-party financing for about 70% of their costs ,” the executive explains. Consequently, the risk assessments that financial institutions make of the Mexican market will influence interest rates, required returns, and the conditions necessary to finalize electricity supply contracts.
In this scenario, GWEC pays special attention to regulatory risk, grid integration conditions, and certainty regarding future revenues for power plants .
“ The lower the identifiable risk, the cheaper the financing will be ,” Fiestas emphasized. According to the executive, reducing these uncertainties will improve the economic conditions of projects and, ultimately, lead to more competitive supply prices for consumers.
The issue is relevant because Mexico is not only seeking to implement this initial portfolio of projects before 2030. GWEC believes that the growth in electricity demand could force a considerable expansion of current goals , driven by nearshoring , data centers, artificial intelligence, and industrial electrification.
It is there that Fiestas emphasizes that: “ The objectives of the Government of Mexico fall far short from the point of view of addressing the needs of electrifying the economy in Mexico .”
The GWEC representative clarifies that this pressure on the consumption of clean and competitive energy is already beginning to materialize, so the current calls for tenders can serve as a first test for a renewable market of a significantly larger scale.
Manufacturing, repowering, and offshore opportunities in Mexico?
The Ministry of Energy sees opportunities to expand the wind energy value chain within Mexico , from the manufacture of components to the services associated with the complete cycle of the parks.
During the meeting organized by the Mexican Wind Energy Association (AMDEE) and GWEC, Jorge Islas Samperio, Undersecretary of Planning and Energy Transition of SENER , highlighted opportunities in the manufacture and supply of wind turbines, blades, towers, nacelles and electrical and control components .
The potential also extends to the stages of construction, installation, operation and maintenance and repowering of wind farms , so the planned expansion towards 2030 could generate opportunities beyond the developers directly in charge of the projects.
This point aligns with another of GWEC's expectations. Fiestas believes that if Mexico manages to create a suitable investment environment, the new cycle could help recover wind energy supply chains that previously had a presence in the country .
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“ Depending on the quality of the investment environment achieved in Mexico, that recovery will be faster or slower ,” Fiestas noted.
A new technology could also be incorporated into this industrial landscape. Islas Samperio announced that the Administration is analyzing the investment potential in offshore wind energy and that details will be released soon.
SENER identifies this technology as a possible lever to advance the goals of energy transition, while during the forum its potential in the face of the increased demand associated with data centers was also highlighted.
If this strategy moves forward, Mexico would broaden its current focus on land-based projects and open a new discussion on port infrastructure, supply chain, transmission, financing, and local industrial capacity linked to offshore development.
What is needed for Mexico to scale beyond the first 7 GW?
For Fiestas, one of the main challenges will be to ensure that the electrical infrastructure no longer limits the volume of renewable generation that Mexico can incorporate.
The executive explains that the current calls for tenders largely respond to the possibilities offered today by the National Electric System to absorb new variable generation without large additional investments in transmission .
“ What is needed is the transformation of the electrical system in order to incorporate the greater contingent of renewable energies that the present and the future demand, ” Fiestas argues.
This will require more in-depth planning of transmission networks , so that the infrastructure keeps pace with the growth in generation and does not become a barrier to new investments.
The issue is once again linked to financing. For banks, a project's effective capacity to sell its production and generate predictable income is one of the elements that determine risk assessment.
Fiestas believes that the Government still has room to reduce the regulatory exposure of developments , mainly through rules that provide greater certainty about production, the integration of electricity into the grid and remuneration.
“ This regulatory risk is something that can be mitigated, it can be substantially reduced depending on how the Government facilitates the entry of these projects from a regulatory perspective ,” explained the regional president of GWEC.
“We have also seen a very positive change in attitude from the Government in terms of opening channels of communication with the private sector,” he added.
For GWEC, this coordination will be essential because the scale of Mexico's electricity expansion exceeds the capacity of a single actor to act.
“ The private sector, private initiative, is a tool that the State has to fulfill its policies ,” said Fiestas, who believes that convergence between public and private investment will be necessary to achieve energy goals.
The challenge, therefore, does not end with allocating new capacity. Mexico must ensure that projects reach financial closure, find space in the grid, have regulatory certainty, and rebuild an industrial supply chain capable of supporting sustained expansion .