Skip to content

Going green? Or saving green-backs?

1 September 2014

Via Solar Industry Magazine:

Mexico’s existing laws allow energy users to buy power from a private energy generating project or portfolio located on-site or hundreds of miles away, considerably reducing energy expenses. While Mexico’s constitution prohibits the private production and sale of energy, developers have legally side-stepped this by including the energy off-taker in the project. In this way, the energy is produced for self-consumption and not sold to a third party. (Recent reforms to Mexico’s energy laws may streamline this in the near future.)

In Mexico, solar developers are not selling “green,” as they have needed to do in markets of the past; instead, they are selling a better-priced product, an and customers are buying because it benefits their bottom line.

While large wind projects, such as the 250 MW Eurus project in Juchitan, Oaxaca, have been developed under this scheme as far back as 2009, the drastic decrease in the cost of solar power systems over the past few years has created an opportunity in Mexico. As such, a huge boom in power from solar generating facilities is predicted this year. Among other indicators, the world’s first spot market solar energy project was completed in the state of Baja Sur this past year – a 30 MW facility developed and constructed in less than 12 months.

While large wind projects, such as the 250 MW Eurus project in Juchitan, Oaxaca, have been developed under this scheme as far back as 2009, the drastic decrease in the cost of solar power systems over the past few years has created an opportunity in Mexico. As such, a huge boom in power from solar generating facilities is predicted this year. Among other indicators, the world’s first spot market solar energy project was completed in the state of Baja Sur this past year – a 30 MW facility developed and constructed in less than 12 months.

(Complete article here)

Advertisements
No comments yet

Leave a reply, but please stick to the topic

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s