LatinNews Daily - 08 October 2026

*Mexico’s President Claudia Sheinbaum has announced that her government will invest almost M$1.20tn (US$66.46bn) in the energy sector by the end of her term in 2030. Of this amount, M$1.03tn will be invested in electricity, whereas M$140.9bn will go towards gas pipelines, generating approximately 38,000 megawatts (MW). Sheinbaum described this as a “historic investment”, saying the main aim was to boost energy sovereignty, followed by sustainability, social justice, and national development. Energy Minister Luz Elena González stated that by the end of Sheinbaum’s term, at least 60% of electricity generation would be publicly owned, which she said is expected to add 32,000 MW of new capacity in a sustainable manner. She added that in two years, six combined-cycle power plants have been inaugurated, while four more will begin operations and construction has begun on five others. Furthermore, in the coming years, the share of electricity generation from renewable sources will increase from 24% to 38%. To this end, there are 55 projects underway at 42 solar plants and 13 wind farms, with the state-owned electricity firm (CFE) holding a 70% stake in the project portfolio. González added that before the end of the year, an additional 9,000 MW will be allocated for new power plants, meaning that next year, approximately 100 power plants will be under construction.

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