Bloomberg: Mexico’s geothermal market heating up
Avenida de la Reforma, Mexico City, Mexico (source: flickr/ Enrique Dans, creative commons)
Alexander Richter
29 Mar 2016
With new geothermal legislation, several hurdles for development were abolished helping Mexico's geothermal energy market to heat up.
In an article today, Bloomberg reports that “Geothermal energy in Mexico could be one of the winners of a huge legal overhaul of its power sector in the past two years”.
With the push by Mexico’s political leadership towards renewable energy development and increased international investment, the new geothermal boost has particularly put geothermal energy in the forefront.
Particularly the opening of the sector to private investment seems to have done the trick. The new legislation, so Bloomberg, addressed barriers beyond investment, namely exploration risk and the challenge of getting required permits, especially for water.
The new legislation essentially gave the sector “needed legal certainty, which had been one of the (main) reasons for the lack of development.”
For more on the article, see link below.
Source: Bloomberg
