Is Mexico ready for a 'distributed generation' solar project?

The relative success of the smaller “distributed generation” projects are a sign of Mexico’s huge untapped potential in solar. A 2020 World Bank report estimated that the country would need to dedicate only 0.1 per cent of its territory to utility-scale photovoltaic power plants to cover its entire yearly electricity consumption.

Is solar radiation in Mexico a good idea?

Solar radiation in Mexico is rated as among the best in the world. José Jove, CEO of Prana Power, talks to The Energy Year about potential and challenges in the development of solar power generation in Mexico and the company’s new in-house project management software. Prana Power develops, owns and operates solar facilities in the country.

Does Mexico have solar power?

Prana Power develops, owns and operates solar facilities in the country. What hurdles need to be overcome for Mexico to unlock its potential for solar energy? The potential for solar power generation is huge. Radiation in Mexico is rated as among the best in the world.

Are solar panels a sign of Mexico's untapped potential?

Panels on the roofs of small businesses and homes that produce less than 0.5MW have grown more than fourfold since 2018 and are now about 4 per cent of total electricity generation capacity. The relative success of the smaller “distributed generation” projects are a sign of Mexico’s huge untapped potential in solar.

Is Mexico a good place to install solar panels?

Mexico is well suited for residential rooftop solar installations, and we expect the market to grow by roughly 10% to 15% annually through 2025. With the high cost of electricity, many are being encouraged to convert their systems to solar. This can also help tackle the uncertainty of blackouts in regions that have a higher risk of power outages.

Does Mexico have a solar auction mechanism?

Mexico’s auction mechanism, also established in 2015, has further bolstered the country’s solar growth, the bidding prices for which have been very competitive. In fact, the country logged the world’s lowest bid for solar in the third auction round.