29 Jan '16, 12pm

New prospects for solar in Mexico as market reforms kick in

New prospects for solar in Mexico as market reforms kick in

Conditons in Mexico are preparing the way for greater deployment. Source: Isofoton. Mexico’s liberalised electricity market traded openly for the first day this week as conditions continue to improve for solar developers. Bloomberg reported that the first day of trading yielded average prices of 354.69 pesos per MWh (US$19.21/MWh). Prices in Texas in 2016 are averaging US$21.07/MWh, according to data from the US Energy Information Administration (EIA). The liberalisation is part of sweeping changes to the country’s energy market that have broken down monopolies and opened the door to greater competition. The country also introduced an ambitious climate strategy as part of the changes. UK developer Hive Energy, has targeted the country opening an office in Mexico City this month. Bernardo Fernandez, director of Hive Energy Mexico, said that despite its access to cheap natur...

Full article: http://www.pv-tech.org/news/mexico-energy-market-opens-fo...

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More press releases For Immediate Release, January 23, 2016 Contact: Michael Robinson (575) 313-7017, [email protected]