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Energy AMLO plan to transform the northwestern Mexican state of Sonora into a renewable energy hub

Oil & Gas

Freddy

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AMLO’s plan of transforming the northwestern Mexican state of Sonora into a renewable energy hub, replete with solar and wind plants, lithium mining, and electric vehicle factories. Lopez Obrador has asked the US to help finance the so-called Sonora Plan, which he’s said President Joe Biden might sign in a visit to Mexico in December or January.



AMLO has indicated the CFE would be the majority owner of any project in Sonora.

Among the measures announced, Mexico plans to deploy more than 30 gigawatts of new wind, solar, geothermal, and hydroelectricity capacity by 2030, and it has a preliminary investment plan of $48 billion. It’s new emissions reduction target is up from a previous goal of 22% by 2030.
 
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