This will be by far the largest solar project in the island nation, which remains dependent upon imported oil and gas.

This will be by far the largest solar project in the island nation, which remains dependent upon imported oil and gas.

Brazil has concluded its second reverse auction for solar power plant projects, with 834 MW of parks being awarded bids, with an average price of 301.79 Real per megawatt-hour – or US$0.0842/kWh. The average price was 13.5% below the maximum price set for the auction.

Jema Energy will deliver inverters for two large-scale solar parks in Northern Mexico. The company will also open a factory in Central Mexico, where it will produce devices for small and large-scale solar installations.

The Central American nation has not had to use fossil fuel power plants to produce electricity from January through March, due mainly to hydropower.

The South American nation is ramping up solar development with another solar auction scheduled for November.

The companies have formed a joint venture to develop renewable energy projects in Mexico. The announcement comes as Cemex launches a new energy division.

The South American nation installed 22.5 MW from January to November last year.

The countries have signed four letters of intent aimed at cooperating on renewable and nuclear energy and lithium production.

pv magazine examines Latin America’s growing solar industries in a broad-ranging look at the region in the upcoming September issue. With Intersolar South America kicking off on Tuesday, we offer here a timely excerpt.