Mexico lifts renewables investment to €9.6bn, advancing mixed public-private energy model

Mexico's state-owned utility Comisión Federal de Electricidad (CFE) has raised its planned investment in renewable energy projects to €9.6 billion, targeting 38 projects with a combined capacity of 8,026 MW and more than 2,500 MW of storage. The announcement, made on 13 November 2026, highlights the use of mixed-investment models, with CFE holding a 54% stake and private partners 46%.

According to CFE Director General Emilia Calleja Alor, these projects form part of 60 renewable generation projects planned between 2024 and 2030, representing a total of 9,184 MW of new capacity. The majority of the electricity generated—70%—will be purchased by CFE, while the remaining 30% will be available for sale on the open market.

The increased investment signals a strategic shift in Mexico's energy policy, aiming to boost renewable generation and reduce dependence on fossil fuels. The emphasis on mixed public-private partnerships is expected to stimulate economic growth, create jobs in the renewable sector, and attract additional foreign investment.

However, the rollout of these projects faces challenges, including the need for coordination with new infrastructure and possible market fluctuations that could impact private investment. Despite these risks, the initiative is poised to increase Mexico's renewable capacity significantly and foster the development of advanced storage solutions and new technologies.

For European and Latin American stakeholders, Mexico's model may offer insights into the potential of hybrid investment strategies to accelerate the energy transition. The approach could influence similar efforts elsewhere, as governments seek to balance energy security, investment attraction and the integration of renewables.