The Latin American Markets are becoming more and more positive in taking strides into the Solar Power space and Mexico is no different.
According to data provided by the Asociacion Nacional de Energia Solar- ANES, the lobying group for Solar in the Country, Mexico currently has installed close about 30 MW of Solar PV system and in a interview with Bloomberg, Alvaro Lenz-Herrera, the President of ANES said - the country might increase the capacity from the mere 30MW's to more than 90MW this year, provided if state-owned utility Comision Federal de Electricidad calls a tender for increasing the capacity this year.
Currently Mexico has mostly residential off grid installations and the country only has 3 Utility Scale Projects. Renew India Campaign, decided to dig deep into the Mexican Solar PV Market and this is our Key Findings.
Though the Wind industry is Marching ahead in the Country with over 801 MW of New Installed Wind Capacity in 2012, taking the total installations to 1.37GW, Solar Industry is yet to take off, mainly due to the lack of Utility Scale Projects. As already discussed the Country has only 3 MW Scale Solar Power Plants. Also the Solar PV Deployments in Mexico moved in a snails pace during 2001 to 2010 Period. But this is all set to change as we forecast nearly 35MW of Solar Power will be installed in the Country by the end of 2013.
Also Mexico also has set up an ambitious Target which requires 35 percent of Energy from Green Resources and this will drive the Solar Market in the Country significantly also the Cheap Module prices as well as low cost labor will play a key role in Mexico's Solar Growth Story. Also according to ANES, the Solar Power Deployement in the country will accelerate starting from 2013. Currently CFE (Comisión Federal de Electricidad), is planning a bidding process for 30 megawatts in large- scale solar parks in Baja California.
Also Mexico has one of the best photovoltaic (PV) and solar thermal resources. The Country has an Average Global Horizontal Irradiation of 5 kWh/m2/day, which is capable of producing energy equivalent of 50 times Mexico's current annual power generation.
