World Bank examines ‘strategic pathways’ for offshore wind in Mexico

The aim of Strategic Pathways for Offshore Wind Development in Mexico is to provide analysis and advice on the role that offshore wind could play in the medium- and long-term energy mix in Mexico.

The scope includes an analysis of opportunities and challenges to be considered, including the relevance of offshore wind to Mexico’s energy sovereignty and just energy transition, pragmatic recommendations on next steps in terms of strategic planning and policy-making to create a new industry, and enabling elements for project development.

Mexico has set ambitious clean-energy and climate goals, aiming for 38% to 45% renewable electricity, and a 35% emissions reduction by 2030 alongside carbon neutrality by 2050. These commitments are reinforced through the Programa de Desarrollo del Sistema Eléctrico Nacional. Achieving the country’s clean-energy targets will require a significant transformation of its electricity mix, which remains largely fossil-based, with natural gas and oil accounting for 41% and 43% of primary energy in 2023.

Declining domestic production has made the country a net energy importer since 2015, now relying on the US for about 70% of its natural gas supply. This dependence extends to the power sector, where natural gas generated 62% of electricity in 2024, compared with around 23% from clean energy. 

“Offshore wind represents a critical opportunity for Mexico to achieve its clean energy and climate goals,” said the World Bank. “With strong wind resources in both the Gulf of Mexico and the Pacific Coast, offshore wind could provide large volumes of clean, stable electricity that can help offset the country’s heavy reliance on natural gas. Its large-scale generation potential aligns with Mexico’s need to rapidly increase the share of renewables and diversify the energy mix, particularly as demand continues to grow. Offshore wind can also enhance energy security through domestic clean energy production, and enable long-term economic opportunities such as green hydrogen production and industrial decarbonisation.” 

Following the invitation for expressions of interest, a shortlist of qualified firms will be invited to submit proposals. Shortlisting and selection will be subject to the availability of funding. Only those firms which have been shortlisted will be invited to participate in an RfP phase.