Denmark and Mexico Seek Closer Cooperation in the Energy Sector

Danish and Mexican energy ministers have signed a letter of intent to collaborate more closely on energy and climate change issues, to exchange best practices and technical support and increase export potential for Danish wind energy companies. The discussions focused on opportunities for wind energy market in Mexico with Denmark’s support, opening doors for Danish renewable energy companies. Mexico has already targeted a 25% hike in electricity generation from renewable energy by 2018. Mexico was Denmark’s 28th largest export market for goods in 2014, which is relatively modest. If the positive economic development in the country is compared with Danish companies’ core competencies in green solutions, everything indicates that Mexico is a huge potential growth market. Danish wind turbine manufacturer Vestas considers Mexico to be one of its most important markets in the region.

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