Update on the Mexican solar market in 5 headlines
Mexican Sun Lures Cash to Solar as Panel Prices Plunge
Solar energy makes economic sense for about 3.5 million commercial customers and 500,000 high-use residential consumers who pay “extremely high” electricity rates, according to BNEF. Installations of under 500 kilowatts benefit from net metering, a system that credits generators for the power they can’t use. (...)
Largest solar plant in Latin America nearing completion
The 30-megawatt Aura Solar plant in La Paz, Baja California Sur, Mexico is the country’s first utility-scale solar installation with a power purchase agreement with the federal power company, according to a release from Suntech. (...)
Could Mexico be at the start of a solar boom?
It has ambitious plans to generate 35% of its energy from clean sources by 2026. That would be up from less than 15% now, which is mostly hydro, with wind and solar only providing only ±1.5%. These renewable sources would need to grow a lot, and in such a sunny country, solar power makes a lot of sense. (...)
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