04 Oct '13, 5pm

Mexican Sun Lures Cash to Solar as Panel Prices Plunge

The project “will open the way for the development of the photovoltaic sector,” Gauss Chief Executive Officer Hector Olea said in an e-mail. “There have been multiple announcements but very little real development work so far even though the regulatory system is sound and conducive to bankable projects.” Mexico, a top 10 oil producer, plans to generate 35 percent of its power from clean sources by 2026, up from less than 15 percent now, to curb emissions and diversify its energy mix. A global surplus ofsolar panels has made them cheaper, while the costly oil-fired plants common in areas such as Durango, Sonora and southern Baja California make solar a competitive option. Gauss and Portugal’s Martifer SGPS SA opened a 30-megawatt plant in La Paz, Baja California, on Sept. 12 with funding from International Finance Corp. and Nacional Financiera SNC bank. While Mexico doesn’t...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Mexican Sun Lures Cash to Solar as Panel Prices...

renewableenergyworld.com 04 Oct '13, 5pm

The project “will open the way for the development of the photovoltaic sector,” Gauss Chief Executive Officer Hector Olea ...

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