“Those companies involved in solar development throughout Mexico are poised to make enormous gains — companies like ILIOSS, a Mexico City-based solar developer, who on August 21 announced a $500 million partnership with Greenwood Energy to develop more than 250 MW of new PV projects throughout Mexico between now and 2017” (renewableenergyworld.com).
With wealth now coming into the country that money provides the energy companies with a backing that they never previously received. Many have begun to ramp up their productions and create and hopeful plans for the future with expectations for a drastic effect on the economy.
“’I think the new law, which opens energy production to the private sector, is going to prove very important and result in a highly competitive market,” Arelle said, adding that the comparatively low cost of solar will bring vast improvements to the economic viability of businesses who adopt solar as their principal source of power generation…” (renewableenergyworld.com).
With brand new investment opportunities available, Mexico welcomes any and all support, even governmental, as some of the major players in the game do not believe such a drastic transition is ready to take place by itself. That being said, the same individuals believe Mexico has the potential to be the leading solar producer in all of Latin America. Do you think they have what it takes?