Solar power in Mexico contributes 27. 99 GW of installed capacity, up from 0. [1][2] Solar power has the potential to produce vast amounts of energy. 70% of. . Private companies will invest US $4. 75 billion to build 20 renewable energy projects across 11 Mexican states, Energy Minister Luz Elena González announced Wednesday. To complement the private initiatives, the government is building or planning three more solar plants and investing nearly $2. . Mexico is ideally positioned to become a clean energy powerhouse given its world-class renewable energy resource potential and the low cost of renewable energy generation. The plan includes nine PV projects totaling 4. In total, roughly 75% of Mexico's electricity was generated from fossil sources including gas, coal, and. .
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