Things are starting to look “greener” on the other side – of the U.S.-Mexico border that is! This week, our Under Secretary for International Trade Francisco Sánchez promoted partnerships between U.S. companies and Mexican officials in an effort to advance Mexico’s clean energy goals and create export opportunities for U.S. companies. Under Secretary Sánchez was joined by 26 senior-level U.S. business executives from 19 U.S. clean energy companies for two days of policy discussions with key Mexican officials focused on renewable energy and energy efficiency policy development.
The policy visit was developed through the Renewable Energy and Energy Efficiency Export Initiative (RE4I), which is led by ITA’s Manufacturing and Services unit. In the RE4I, ITA committed to creating new markets for U.S. renewable energy and energy efficiency exports through trade policy missions.
Given Mexico’s proximity to the United States and its resource potential, few markets offer as much potential for future U.S. renewable energy and energy efficiency exports as Mexico. However, despite high-level political support, relatively little development has taken place in the sector to date. Mexico currently generates only 2% of its electricity from renewable energy sources – mostly from hydropower.
“We are pleased to see this initiative begin to manifest itself through deeper cooperation with such a valuable trading partner,” announced Matt Card, Suniva’s Vice-President of Sales for the Americas at the event. “Roundtables such as this are a vital component in the growth of the strong economic and job-creation engine that renewable energy potentially represents to both our countries.”
While in Mexico, Under Secretary Sánchez also took part in the 19th annual GREEN (Global Resources Environmental & Energy Network) Expo. The GREEN Expo hosted four main exhibits including Enviro Pro, focused on Mexico’s environmental sector, Power Mex Clean Energy and Efficiency, targeting clean energy companies; Water Mex, centered on sustainable and clean water consumption; and Green City, aimed at green urban development projects. The four exhibits attracted several U.S. companies spanning the clean energy industry.
During his visit, Under Secretary Sánchez touched on the multiple benefits of increased renewable energy and energy efficiency exports, stating, “For Mexico, and the rest of the world, clean energy technologies present a unique opportunity to achieve the triple bottom line: profits for businesses, jobs for people and a healthier planet for all.”