Mexico will need to attract more than $41 billion in investment to generate an estimated 37 GW of additional electricity capacity required to meet the increased energy demand anticipated by nearshoring, Abraham Zamora, President of the Mexican Energy Association (AME), said during a recent presentation in Monterrey. 

Nearshoring, or the relocation of manufacturing and supply chains to Mexico, is forecast to be a generational economic growth opportunity that could bring as much as $50 billion of investment and create 4 million jobs in the country. 

The nearshoring push is being driven by the United States’ reduction of Chinese imports and increased reliance on Mexican goods. On Feb. 7, the U.S. Commerce Department released data showing that, for the first time in more than two...