karol garcia | el economista | 3 july 2016
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PA's Jim Heidell, an energy expert, is quoted in an article in El Economista. The article discusses the recent pledge by the leaders of Mexico, Canada and the U.S. to have their countries produce 50% of their power from clean energy by 2025.
Commenting on this topic, Jim states: “To achieve the joint goal of generating 50% of clean energy at regional level among Canada, United States and Mexico in 2025, there are technological and public policies homologation challenges in the three countries, where the market will be the one who sets the way.”
Jim continues: “In Mexico, we still have to develop an estimate of how much it will cost to accelerate the goals, but the fall observed during the first auction of renewable energy purchases done by the government, with lower costs at $48 per megawatt in solar and wind energy, allows Mexico to assert that it will be the market that will boost these goals.”
Jim concludes: “Regarding the main challenges, there are technical challenges, such as ensuring that there is enough thermal flexible and quick start resources to complement the intermittency of wind and solar energy, as well as the necessary investments in these non-renewable technologies.”