Latin America Report: Mexico Just Scratching the Surface of Solar Demand

Feb 20, 2013 - renewableenergyworld.com

New Hampshire, USA -- With huge swaths of flat desert surfaces and tons of sunlight, Mexico is a prime location for solar power, even though potential financial backers are struggling to adequately understand the advantages of solar PV or risk evaluation.

Prices for solar module prices sunk 30 percent in 2012, and many consumers for years have been paying high rates that make them especially attractive to solar, says Solarplaza. Jinko Solar chief marketing officer Arturo Herrero points to a cyclical bottoming-out of demand and the end of pricing wars, and now predicts strong demand in 2013 to expand to over 1.5 GW. Miguel Medina, general manager of Mexican firm SolarTec, points to a lack of subsidies which has tempered the nation's growth, but also kept it from running out of control as seen in other regions.

Solarbuzz will host a conference later this month in Mexico City.