Renewable Energy in Mexico: Development and Outlook of Photovoltaic (PV) Energy

Renewable Energy in Mexico: Development and Outlook of Photovoltaic (PV) Energ

RENEWABLE ENERGY IN MEXICO: DEVELOPMENT AND OUTLOOK OF PHOTOVOLTAIC (PV) ENERGY / OBNOVLJIVI IZVORI ENERGIJE U MEKSIKU: RAZVOJ I OUTLOOK FOTONAPONSKE (PV) ENERGIJE

From the energy resources point of view, Mexico has an advanced worldwide rank in the availability of fossil resources as well as renewable energy resources. The major abundant conventional resources are oil and natural gas while the abundant renewable energy resources include solar, wind, hydro, geothermal, and biomass. Due to the geographical and topological conditions of Mexico, the meteorological conditions of various locations in Mexico are significantly Locational-dependent. In addition, the potential of the major renewable energy resources (i.e. wind, solar, and hydro) is neither fully explored nor exploited. With a focus of solar-PV energy, this paper analyzes the renewable energy industry in Mexico and investigates the most suitable way for promoting the public policies and finding the absolute advantages. In doing so, the international theories and experiences are considered as a development guide. International experiences show that it is possible to establish ‘green energy’ markets in which the end users cover their costs. These emerging markets are identified to be highly profitable for both sides i.e. the energy provider and the energy consumers. It can also be seen that government programs are available for supporting these markets; a fact that makes the green energy alternatives tempting for the investment of national and international firms. Some of the data presented in the presented study are based on techniques such as Herfindal-Hirshman Concentration Index (HHI), Pascual concentration indices, and game theor