Where do we stand, and what are we facing? This was one of the key questions during the "Availability, Quality, and Cost of Electrical Service in Mexico" panel held on September 21, 2023. According to Barnés, Delgado, and Soto, Mexico faces two central energy issues: deficits in clean energy from 2021 onwards and an electrical transmission network that has seen minimal changes for decades. These factors are linked to Mexico's energy policy, which favors the Federal Electricity Commission (CFE) over other institutional investors. Hence, the speakers emphasized that Mexico's challenge is strengthening energy competition by improving transmission networks and energy dispatch and encouraging new investors' participation.

Experts noted that despite Mexico's diversification and increase in renewable energy generation capacity since 2017, reaching nearly nine gigawatts of wind and solar energy by the end of 2022, investment in electrical infrastructure is necessary. This is because the country operates with 30-to-40-year-old machinery and has the same transmission network from a decade ago. If this issue is not addressed and the prioritization of CFE continues, the transition to renewable energies and the sustainability of the electrical supply will increasingly fall short of meeting the growing demands of industries.

SiiLA was present at the IAMC event, which featured renowned sponsors such as CBRE, Colliers, Cushman & Wakefield, JLL, and Prologis. Our team enjoyed engaging and interacting with some of SiiLA's clients, such as Yusef Atieyeh Villareal, VP of Value-Added Investments of Prologis, and Humberto Carza Ramírez, Industrial Investment Advisor of Terra Regia.

For more information on real estate sector trends, we invite you to visit SiiLA REsource or contact us at contacto@siila.com.mx.