Home Americas Mexico May Become Largest Distributed Solar Power Market in Latin America
Mexico May Become Largest Distributed Solar Power Market in Latin America

Mexico May Become Largest Distributed Solar Power Market in Latin America

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Thanks to favorable institutional environment, Mexico is likely to become the largest distributed solar power market in Latin America.

Manan Parikh, solar-energy analyst at GTM Research, predicted that decision by Mexican regulator to raise the ceiling of the net metering of PV power stations to 500 KW will double the power-generation capacity of the nation’s distributed PV power generators o over 300 MW this year.

Mexican Banks Association forecast that the nation’s distributed energy technology, mainly PV power, will expand at 121% compound annual growth rate, with total capacity topping 8 GW and output value US$13 billion by 2050.

The Mexican government has been vigorously pushing distributed power generation, aiming to boost the share of renewable energy to 40% by 2035, including 18% of PV power, up from less than 1% now.

Parish remarked that the net-metering policy will facilitate the development of PV power, as it enables consumers with renewable-energy power generator to deduct its contribution to grid from its power bills.

GTM data show that the policy has simulated installation of residential PV-power generators with less than 20 kilowatts of capacity, which now account for 18% of the nation’s total PV power capacity.

Source: pv.energytrend
Anand Gupta Editor - EQ Int'l Media Network

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