SENER reported that the government has consolidated a new energy model during President Claudia Sheinbaum’s first year in office, reinforcing state control over the sector and strengthening public companies to promote energy sovereignty and long-term planning. Minister of Energy Luz Elena González presented the update during her appearance before the Senate’s Energy Commission as part of the president’s first annual report.
According to González, the new model restores the state’s strategic leadership in the sector while reaffirming the public character of PEMEX and CFE. The model seeks to align public and private investments through binding planning processes designed to meet Mexico’s long-term energy needs.
In the electricity sector, SENER reported that CFE now provides at least 54% of the country’s total electricity generation. The agency said that this recovery of CFE’s role as the guarantor of universal access to energy is supported by the 2025–2030 National Electric System Strengthening and Expansion Plan, which includes a goal to achieve a minimum 35% share of clean energy by 2030. This effort involves the development of new solar, wind, and the country’s first solar-thermal power plants, alongside private projects expected to contribute 7,000MWto the grid.
For the hydrocarbons segment, González explained that PEMEX is implementing its 2025–2035 Strategic Plan, structured around two main areas: financial stabilization and productive development. The financial strategy, designed with the Ministry of Finance, includes the issuance of US$12 billion in precapitalized bonds and the allocation of nearly MX$300 billion (US$16.323 billion) toward debt repayment as of September 2025. As a result, the government reported that credit rating agencies Fitch, Moody’s, and S&P have recognized improvements in the NOC’s financial trajectory, with company losses decreasing by nearly 90% compared to the same period in 2024.
The productive component of PEMEX’s plan focuses on stabilizing oil and gas production to meet national demand. Mexico’s crude production has approached 1.8MMb/d, while natural gas output has reached 5Bcf/d. The government also noted a 44% increase in crude processing and a 40% rise in gasoline, diesel, and jet fuel production due to improvements in the National Refining System, the Deer Park refinery, and the integration of the Olmeca refinery.
SENER highlighted actions to revitalize petrochemical and fertilizer production to strengthen national supply chains. On renewable development, the agency reported progress in geothermal, cogeneration, and biofuel projects. The government also promoted the constitutional inclusion of “energy justice” as a principle guaranteeing access to sufficient and reliable energy for all citizens.
Social energy programs, including Solar Roofs for Well-Being in northern Mexico, Efficient Wood Stoves for Well-Being, and 11,000 rural electrification works, have reportedly expanded access to energy in underserved regions. According to the Ministry of Energy, Mexico has achieved a historic electricity coverage rate of 99.73% of households and 92.13% in localities with fewer than 2,500 inhabitants, nearing its goal of universal coverage by 2028.
González also emphasized the importance of strengthening domestic scientific and technological capacity through public research institutions such as the National Institute of Electricity and Clean Energy, the Mexican Oil Institute, and the National Commission for the Efficient Use of Energy. These organizations, she said, play a key role in developing technology and reducing reliance on foreign suppliers.
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