Tuesday, March 12, 2013

Mexico is Increasing its Solar Power!

       Driven by wealthy households and first large-scale power plants, Mexico has the potential to increase its photovoltaic capacity nearly tripling this year. Alvaro Lenz-Herrera, president of Asosiacion Nacional de Energia Solar, has commented in an interview that solar installations may double estimating from 30 megawatts to 60 megawatts, in which 30 megawatts are currently operating and may triple if its state-owned utility power grid, Comision Federal de Electridad (CFE), calls for a tender for increasing photovoltaic capacity.

Mexico initially desires to increase the awareness of solar power energy towards their generation and to reach their goal of having 35% of their power generating from clean, renewable energy sources by the year 2026. The country offers tax incentives in terms of solar power energy projects as well as providing possible long-term relationships with their power grid (CFE).

Photovoltaic capacity is expected to increase by the result of the falling solar panel prices and low system costs, which are claimed to be estimating 20% cheaper than solar power energy projects funded in the United States. Alvaro Lenz-Herrara also remarks that he predicts growth towards solar energy will increase in 2014 and 2015.

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