Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Radical policy changes implemented by left-wing President Andres Manuel Lopez Obrador are set to weigh down on fresh investment in wind power.
Mexico has attracted significant investment in renewables since 2013, when the previous government liberalised the power sector, helping to bring down cripplingly high electricity tariffs.
However, since Obrador took office in late 2018, he has been keen to restore the power of state-owned utility CFE and oil firm Pemex.
In 2019, his government cancelled a clean-energy tender, and more recently sought to strip subsidies and discounts granted to renewable-energy projects, triggering court battles.
Grid limitations exist in several areas.