The strategic alliance with SolarMex positions Solar America to profit from the anticipated growth in Mexico's renewable energy programs.
With resources 60% greater than those of solar leader, Germany, Northern Mexico is considered to have the world's third greatest solar potential, according to the Secretaria de Energia de Mexico. The Mexican government is recognizing this potential and encouraging growth.
According to Renewable Energy World, by 2024 at least 35% of Mexicos electricity could come from renewable sources, including solar. Mexico is also pursuing a research initiative with The National Autonomous University of Mexico to determine the countrys commercially feasible solar potential.
Our strategic alliance with SolarMex gives us the ability to capitalize on the existing infrastructure and relationships built by SolarMex and its principals as we work to acquire additional projects in Mexico, stated Robert Bludorn, CEO of Solar America. I have been very impressed by product and market intelligence of SolarMexs principals as we discussed their fresh ideas and ambition in regards to Mexicos solar potential.
Though SolarMex was recently incorporated, its principals have been in the solar industry for years and have developed an extensive project portfolio in the Guadalajara region, concluded Bludorn.
