U.K. solar development company Hive Energy last week opened an office in Mexico City as the British developer seeks solar opportunities in one of the worlds most hotly anticipated markets.
Hive Energys Bernardo Fernandez has been given the role of business development and project manager for Mexico, Central America and the Caribbean, and his remit will be to identify solar PV opportunities in the form of power purchase agreements (PPAs) and auctions.
Company CEO Giles Redpath described Mexico as perhaps the worlds first "unsubsidized ‘real' solar market of size", and one of the few big countries where renewable energy is at grid parity.
"Without any subsidies or FITs to roll back, Mexicos solar market is almost certain to persist in the long-term, and we want to take this opportunity to support the fledgling solar industry with our wealth of experience," added Redpath.
Mexicos Secretaria de Energia (SENER), which governs the countrys energy sector, has set a goal of installing 6 GW of solar PV capacity in Mexico by 2020. Currently, however, Mexico has less than 1% of that figure installed, but with high energy prices from traditional sources and increasingly cheaper solar, many experts expect the market to rapidly accelerate over the coming years.
Recent data shows that there are 160,000 Mexican households with solar systems currently installed, while the ground-mounted large-scale sector is poised to boom.
Hive Energys expansion follows just days after fellow British solar developer Lightsource announced it has already begun exploring post-subsidy development models in the U.K. solar market, including a merchant scheme whereby the company will sell solar energy directly from its solar farms to large electricity users.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.