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Engie’s Solar Akin Plant in Mexico to Boost Renewable Energy Amidst Policy Challenges and Market Growth.

The Solar Akin plant in Mexico will generate electricity generated by 100MW and will be connected to Mexico’s National Electricity System (SEN) and provide renewable energy to the region. This is not the first solar park Engie has built in the state of Sonora, with the 108MW Abril solar park nearby and scheduled for completion in 2022. Despite high land availability and potential for both solar PV and wind, renewable energy in Mexico has not yet taken off due to policy changes since Andrés Manuel López Obrador took office in 2018. Despite this, London-based renewables investor Cubico Sustainable Investment recently acquired a portfolio of 1.6GW of solar and hybrid projects in Mexico. A report from BloombergNEF found that Engie signed the most renewables capacity in 2023 with 2.4GW, followed by energy company AES with 1.9GW and Tata Power with 12GW.

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